Man Utd drop in value as team lose form

Man Utd drop in value as team lose form

Turmoil in global stock markets, combined with poor form on the pitch, has wiped $500 million (£345 million) off Manchester United’s value this year.

The football club’s New York-listed shares have slumped 18.5 per cent from $17.88 at the end of 2015 to $14.52, dragging United’s value to below $2.4 billion (£1.6 billion).

Fans have turned against manager Louis van Gaal for their side’s poor run of results which threatens the team’s qualification for the Champions League.

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Categories: International