Premier League
Manchester United’s share price crashed on the stock market, “losses” amounted to 644 million euros
Manchester United’s share price is in free fall after falling 21% on Tuesday and the stock market loss is estimated at around €645m (£550m).
The Glazer family’s decision to withdraw their stake in Manchester United has led to a shocking drop in the Red Devils’ share price on the stock market.
The drop is estimated at more than 20% as the share price traded at 21.97 euros ($23.66) on Friday and fell to 17.56 euros ($18.83) on Tuesday, a price which has stabilized.
As British media noted, this is the stock’s sharpest fall since it was listed (11 years ago). The club’s value fell to around €644m (£550m).
Source: sport 24
Sophia Jhon is a sports journalist and author. He has worked as a news editor for Sportish and is now a sport columnist for the same publication. Alberta’s professional interests lie largely in sports news, with an emphasis on English football. He has also written articles on other sporting topics.