Manchester United Shares Plummet 13% After Reports of Glazers Maintaining Control
April 18, 2023
Trending News ☀️
Manchester United ($NYSE:MANU), one of the world’s largest soccer clubs, recently experienced a major setback when its share price plummeted 13% following a report indicating that the Glazers may maintain control of the club. This drastic share drop has sent shockwaves through the financial and sports worlds alike. Manchester United is a professional soccer club based in Old Trafford, Greater Manchester, England. It is also one of the most valuable and popular sports teams in the world.
This recent news has sent shockwaves through the world of football and sent Manchester United’s shares plummeting 13%. It remains to be seen whether or not this news will have a lasting effect on the club’s share price and future.
Stock Price
On Monday, Manchester United shares took a dive after reports emerged that the Glazer family, who owns the club, plan to maintain ownership of the team. When the market opened, Manchester United stocks were valued at $21.0, yet by the close of trading that price had plummeted to $19.7, a decrease of 10.6% from its previous closing price of $22.0. The drop in stock price can be attributed to a lack of confidence among investors that the club will be able to turn around its fortunes under the Glazer’s leadership. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Manchester United. More…
| Total Revenues | Net Income | Net Margin |
| 582.32 | -118.78 | -14.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Manchester United. More…
| Operations | Investing | Financing |
| -3.25 | -133.29 | 75.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Manchester United. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.43k | 1.32k | 0.62 |
Key Ratios Snapshot
Some of the financial key ratios for Manchester United are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.3% | -18.3% | -22.0% |
| FCF Margin | ROE | ROA |
| -28.8% | -75.8% | -5.6% |
Analysis
At GoodWhale, we conducted an analysis of MANCHESTER UNITED’s fundamentals to assess its risk rating. Our results found that this is a high risk investment in terms of both financial and business aspects. We detected two risk warnings in their income sheet and balance sheet, so if you’re considering investing in this company, we highly recommend that you register with us on GoodWhale.com to further investigate any potential risks associated with this business. GoodWhale also provides you with the tools you need to make an informed decision when it comes to investing. More…
Peers
Since its establishment in 1902, Manchester United PLC has been one of the most successful soccer clubs in the world. The English club has won 20 league titles, 12 FA Cups, five League Cups, and three European Cups. In recent years, Manchester United PLC has been competing with Futebol Clube do Porto – Futebol SAD, Bonhill Group PLC, Live Co Group PLC, and other companies for the title of most successful soccer club.
– Futebol Clube do Porto – Futebol SAD ($LTS:0MSQ)
Futebol Clube do Porto – Futebol SAD is a professional football club in Portugal. The club is based in the city of Porto and plays in the Primeira Liga, the top flight of Portuguese football. The club was founded in 1893 and has won the Primeira Liga title a record 27 times, the Taça de Portugal a record 25 times, the Taça da Liga a record 7 times, and the UEFA Champions League twice. The club has also won the UEFA Cup twice and the UEFA Super Cup once.
– Bonhill Group PLC ($LSE:BONH)
Bonhill Group PLC is a business intelligence, media, and events company. The company operates in three segments: Business Information, Events, and Media. The Business Information segment provides critical intelligence and analysis on the people, companies, and deals that shape the technology, media, and telecoms markets. The Events segment produces live events that connect and inform technology, media, and telecoms professionals. The Media segment provides news and insight on the technology, media, and telecoms markets.
– Live Co Group PLC ($LSE:LVCG)
Live Co Group PLC is a holding company that owns and operates businesses in the live entertainment industry. The company has a market cap of 6.74M as of 2022 and a Return on Equity of -28.65%. The company’s businesses include live music venues, ticketing platforms, and artist management. The company’s mission is to provide live entertainment experiences that inspire, connect, and entertain people around the world.
Summary
Investing in Manchester United has taken a hit recently after a new report revealed that the Glazer family may retain controlling interest of the company. On the day of the report, Manchester United’s stock price dropped 13%, according to financial data. Investors should be aware that the Glazer family’s ownership could potentially limit the company’s ability to make strategic changes, or respond to external market pressures, which may affect their ability to be competitive with other teams. While this news may be a short-term setback, investors should consider the long-term potential of the team and the potential value they could still deliver in the future.
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