Glazer family could ‘cash out’
Manchester United’s shares have fallen 23 per cent this season, the biggest collapse in the past ten years, wiping almost £600million off the club’s value, a report by Saxo Markets claims.
However, this decline on the stock market may make the club a more attractive proposition to purchase, according to a finance expert.
Mike Owens, UK Sales Trader at investment platform Saxo Markets, said: “Man Utd’s recent lack of on-field success, in particular missing out on Champions League football next season, will have contributed to this decline. The club’s share value has seen a downtick for the past four seasons since the team finished second in the Premier League under Jose Mourinho in 2018.
“Their falling share price may, however, make the club a more attractive proposition for a potential new buyer and this could be the catalyst to see a change of ownership at the club in the next couple of years if current owners, the Glazer family, are tempted to cash out.”