Man Utd see £190MILLION wiped off share price after announcing £113m losses and Cristiano Ronaldo’s Ten Hag blast
MANCHESTER UNITED have seen almost £200MILLION wiped from their share price, according to new figures.
It follows a tough couple of weeks for the club following the 3-0 defeat against Liverpool.
According to Stocklytics, two main factors have contributed to this massive loss.
The first was the club reporting a net loss of £113.2m for the 2023/24 financial year.
This came despite record revenues of £661.8m, with increased transfer spending and player wages contributing to the club’s books being in the red.
The second was the scathing assessment of the club and manager given out by Cristiano Ronaldo.
The United icon said the club “need to rebuild everything”, before launching a brutal rant against Erik ten Hag.
Speaking on the Rio Ferdinand Presents podcast, Ronaldo said of the Dutchman: “The coach, they say they cannot compete to win the League and Champions League.
“(As) Manchester United coach, you cannot say that you’re not going to fight to win the League or Champions League.
“You have to be, to mentally say, listen, maybe we don’t have that potential, but I cannot say that. We’re going to try. You have to try.”
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The Red Devils value on August 31 stood at £2.25bn, but stands at just £2.06bn as of September 14, a loss of £190m.
Explaining the losses, a spokesperson for Stocklytics said: “Manchester United is still, despite its on-the-pitch drop off over recent years, a huge, global club.
“However, its listing on the stock exchange means speculation can quickly result in a fall in share price, and the recent comments by a Manchester United legend Cristiano Ronaldo, and its worrying financial results, have wiped the best part of £200m off the value of Manchester United’s stock.”
Figures compiled by football finance expert Kieran Maguire also revealed United’s transfer fee instalments owed to other clubs had increased by 885 per cent since the retirement of Sir Alex Ferguson in 2013.
United ended their losing streak by registering a 3-0 win over Southampton, with Andre Onana and Matthijs de Ligt both impressing.