Manchester United lose $82M in one trading day

Manchester United have seen more millions slashed from their share value.

Shares in Manchester United PLC started at $14.50 when the New York Stock Exchange opened at 9.30am, but within a matter of hours had fallen to $13.92 according to reports.

That meant around $82MILLION was wiped off the club’s overall value during the day as shares dropped over 2 per cent.

During the day, however, the shares rallied and were back at $14.27 by 4pm New York time.

After hitting $18.99 on November 12 2015, almost 20 per cent of the value has been wiped out in the months since

More latest news

Comments

Top