MANCHESTER UNITED have seen £1billion wiped off their value as the stock market crashes amid the coronavirus outbreak.
All football around the world, including Premier League and Champions League fixtures, have been postponed as the COVID-19 pandemic sweeps the globe with over 7,900 death.
Man Utd, owned by the Glazers, have seen £1bn wiped off their value as the stock market crashes amid the coronavirus outbreak
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It has had a damming affect on the stock market with United’s value plummeting to £2bn.
Just over a month ago the English giants had a value of £3bn but since the coronavirus outbreak the share price has fallen to just over £9.92 as of Monday, having been in excess of £16.53 at the start of the year.
United were brought by the Glazer family in 2005 with the takeover believed to have cost £790million.
But the American owners have become increasingly unpopular among Old Trafford supporters leading to an aggressive amount of protests in and out of the stadium.
Over the past year, there has been persistent Saudi Arabian interest, with the owners Glazers said to be prepared to put a price tag of £3bn on the club.
It would mark a sensational profit for the US businessmen.
On the field United were enjoying an 11-match unbeaten run until the COVID-19 outbreak put the breaks on the season.
And summer signing Harry Maguire – who replaced Ashley Young as captain after his transfer to Inter Milan – is said to have brought the squad closer together with a team bonding sessions.
One night out in particular, organised by the burly defender, is said to have improved team spirit and brought the group closer together.
And coupled with the transformative January arrival of Bruno Fernandes, it appears to have done the trick.
United chief executive Ed Woodward and the Glazers have become unpopular among fans
Man Utd’s Nemanja Matic takes on Luke Shaw in the one touch test
Source: Soccer - thesun.co.uk
