The share price of Manchester United football club has dropped to its lowest level in over three years. It is widely believed that the club’s recent performance has contributed directly to it. It is evident that United’s result in their last match against Chelsea not only frustrated their manager Louis van Gaal but also their investors.
The match saw United take the lead only to lose it in the dying minutes of the game resulting in a 1-1 draw. United’s performance in this match came at a very bad time as the team was looking forward to turn their back on a poor season so far. The investors and potential investors are obviously worried about Champions League qualification for the team.
United’s dreams of finishing the season in the top four spot took a blow on Sunday when Chelsea managed to restrict them to just one point. The draw left United at the fifth position in the EPL table with 41 points in 25 games played. They are six points adrift from the fourth place holder Manchester City and twelve points adrift from the table toppers Leicester City.
Although, there remain 13 league games yet to be played, the Red Devils realistically cannot hope for anything better than a fourth spot finish.
The share price of Manchester United dropped from $14.50 to $13.86 on Monday morning and it is the lowest the club has seen since December 2012. On the New York Stock Exchange, the price dropped by 2.6% in the morning.
Although the management of Manchester United have managed to rope in incredible deals, notably the £750m kit deal with Adidas, the governing body will remain under pressure until the team starts showing some consistency in form. United’s executive vice-chairman Ed Woodward will be under severe strain when he is going to face the investors during the press conference where the club’s first quarterly results of 2016 are going to be announced.
