Manchester United have seen around £200 million cleared from their share price after recently reporting losses to the tune of £113 million, according to new figures.
This follows a wishy-washy start to the season, which has seen them occupy the 10th spot on the Premier League table after 3 matches played.
Factors Behind The Drop In The Share Price Of Manchester United
Based on Stocklytics, two main factors have contributed to the drop in the share price of Manchester United, with the first being the aforementioned net loss of about £113.2 million reported for the 2023/24 financial year.
This came despite the Manchester-based side recording huge revenues of £661.8 million, with increased transfer spending and player wages contributing to the club’s books also being in the red.
Based on reports, the second was the scathing review of the club and manager Erik ten Hag given out by football great Cristiano Ronaldo.
The Manchester United legend shared that the club needs to experience a complete overhaul, before aiming a dig at Erik ten Hag.
Speaking on the Rio Ferdinand Presents podcast, Ronaldo questioned the mentality the Dutchman is instilling at the club.
The 39-year-old said: “The coach, they say they cannot compete to win the League and Champions League.
“(As) Manchester United coach, you cannot say that you’re not going to fight to win the League or Champions League.
“You have to be, to mentally say, listen, maybe we don’t have that potential, but I cannot say that. We’re going to try. You have to try.”
The assertions of Ronaldo were hinged on a previous statement made by Erik ten Hag in July 2024, with the 54-year-old claiming that Manchester United are a “long way away” from being ready to win the Premier League title.
Manchester United’s Share Price
Manchester United’s value on August 31, 2024, stood at £2.25 billion, but currently, it is at about £2.06 billion as of September 14, 2024, and this signifies a loss of £190 million.
Explaining the losses, a spokesperson for Stocklytics via The Sun indicated that Manchester United are still a mighty club despite their struggles in recent years, but noted the impact of Ronaldo’s recent comments on the club’s share price.
The spokesperson said: “Manchester United is still, despite its on-the-pitch drop off over recent years, a huge, global club.
“However, its listing on the stock exchange means speculation can quickly result in a fall in share price, and the recent comments by a Manchester United legend Cristiano Ronaldo, and its worrying financial results, have wiped the best part of £200m off the value of Manchester United’s stock.”
Figures collated by football finance expert Kieran Maguire also disclosed Manchester United’s transfer fee installments owed to other clubs had spiked to 885 % since Sir Alex Ferguson’s retirement in 2013.
Manchester United
Meanwhile, Manchester United ended their losing streak by securing a 3-0 win over Southampton on September 14, 2024.
The Red Devils were in their element at Saint Mary’s, with players like Andre Onana, Marcus Rashford, Amad Diallo and Matthijs de Ligt, Alejandro Garnacho amongst others, impressing.
Erik ten Hag’s side was previously on a two-game losing streak, having suffered a heart-wrenching 2-1 defeat to Brighton and a 3-0 loss to Liverpool at Old Trafford before the international break in September 2024.
The Old Trafford side also started the season with a 1-0 win against Fulham at Old Trafford, with Joshua Zirkzee netting the decisive goal of the opening game of the 2024/25 Premier League season.
