Manchester United's Value Drops By More Than A Billion Pounds Following Terrible Season
Manchester United's value has dramatically dropped by more than £1 billion after a horrendous campaign last season.
The Reds posted record revenues of almost £600 million last September but shares on the New York Stock Exchange have plummeted over the same period.
In August 2018, United shares were trading at $27.70 (£21.82) which valued the club at £3.51 billion.
However, they closed at $18.08 (£14.24) on Friday. The value of the club is now around £2.25 billion.
So, United's value has decreased by a whopping £1 billion in under a year.
United fans have vented their frustration at the Glazers with #GlazersOut trending on social media worldwide.
#GlazersOut please dont let this be a fad and just an overnight thing we need this to stay until they are gone. pic.twitter.com/tvn890RWi4
- Luke:beginner::beginner: (@Luke71197602) June 20, 2019
Protests have been made inside and outside of Old Trafford in years gone by, with many supporters donning the yellow and green colours of the original Newton Heath club as a sign of their dislike towards the current regime.
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Britain's richest man, Jim Ratcliffe, has reportedly made an enquiry about purchasing United from the Glazers family.
Boyhood United fan Ratcliffe made his money in petrochemicals and is the founder and CEO of London-based chemicals company Ineos.
Reports claim the Oldham-born Billionaire asked about the possibility of taking over the club but was not best pleased with the asking place mentioned by the Glazers, who have owned United since 2005 after striking a £790 million deal.
Worth a reported £21 billion, Ratcliffe recently bought the Team Sky cycling team and also owns Swiss outfit Lausanne-Sport.
Despite his allegiances to United, Ratcliffe has also been linked with a move for Chelsea while it's been reported that he's close to acquiring Ligue One club Nice.
Will the Glazers sell United? Watch this space.
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