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£300m value drop

Manchester United's share price has suffered its biggest drop in five years, with more than £300 million wiped off the club's value on the New York Stock Exchange (NYSE) prior to the opening of trading on Wednesday.

The fall has taken the value of the club to its lowest level since November 2013, having hit an all-time of $27.47 less than three months ago.

http://www.espn.co.uk/soccer/manchester-united/story/3705269/manchester-united-share-price-suffers-biggest-drop-in-five-years?platform=amp

Bankruptcy is on the horizon lads, who’s coming over to FCUM with me?

posted on 21/11/18

comment by _Viva_Vida (U6044)
posted 1 minute ago
I thought the listed shares were something like 'class B' type shares which carry next to no power in terms of voting and making decisions at the club.
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Yep they are. No voting rights and no dividends.

posted on 21/11/18

comment by Vidicschin (U3584)
posted 28 seconds ago
Since Gruden's departure, the club have had four managers in 10 years with no tangible long-term strategy."

....................

This is common in the NFL.
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Not a big fan of the sport but am I right in thinking the same clubs or names do tend to make playoffs and superbowls. What sets their owners apart from the likes of the glazers who appear to be happy just to compete.and earn the guaranteed money that comes with owning an nfl franchise.

You get a sense after all these years that they still don't get what utd is all about and are taking the fans for granted

posted on 21/11/18

Not a big fan of the sport but am I right in thinking the same clubs or names do tend to make playoffs and superbowls. What sets their owners apart from the likes of the glazers who appear to be happy just to compete.and earn the guaranteed money that comes with owning an nfl franchise.

...............

RK

You are not quite correct on the Glazers there.

They will fire their head coach if the Bucs don't make the playoffs. they tend to give them a couple of years and the chop if they don't get the job done.

But you are right with some teams, like New England, Green Bay, Seattle, Baltimore and Pittsburgh who have owners who want their teams to compete and win and set up their recruitment processes to reflect this.

comment by bomdia (U13941)

posted on 21/11/18

Pretty much all sport in the US is a business first and not about sport. They talk about franchises, not clubs and it is why they have no promotion or relegation. Some teams in effect end their season after a half or so of their games, they cannot win anything but cannot be relegated so play half or more of the season in games that are to them, meaningless. The money still rolls in however so it's all good as far as the owners are concerned. Relegation to a second tier might mean that teams have games they can actually win because they are playing teams of a similar level but the TV money would be less so the owners and leagues would never allow that. US owners often struggle with the idea of a competitive league structure.

posted on 21/11/18

comment by bomdia (U13941)
posted 1 hour, 44 minutes ago
Pretty much all sport in the US is a business first and not about sport. They talk about franchises, not clubs and it is why they have no promotion or relegation. Some teams in effect end their season after a half or so of their games, they cannot win anything but cannot be relegated so play half or more of the season in games that are to them, meaningless. The money still rolls in however so it's all good as far as the owners are concerned. Relegation to a second tier might mean that teams have games they can actually win because they are playing teams of a similar level but the TV money would be less so the owners and leagues would never allow that. US owners often struggle with the idea of a competitive league structure.
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That's all United are these days: a soulless business to print money. Making money is more important than playing good football.

Mourinho and Pogba lead the circus

posted on 21/11/18

This explains all the dodgy meetings with Saudis.

posted on 21/11/18

This explains all the dodgy meetings with Saudis.

...................

Why were they dodgy, Mamba?

posted on 21/11/18

Because, as it turns out, they might have had a hidden agenda other than what what was admitted in public.

posted on 21/11/18

comment by No Love - Monumentally Dope. (U1282)
posted 2 hours, 11 minutes ago
This explains all the dodgy meetings with Saudis.


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Dodgy how?? If the Saudis offered the Glazer say 5 billion to buy this club they would be stupid to turn that down. Would I be happy that they own us? No. That however has nothing to do with the Glazers, they are businessmen and in business, profits aren't everything, they are the only thing.

posted on 21/11/18

A bit early for excuses.

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