Manchester United’s stock is currently holding a historical bottom price low.
The coronavirus pandemic has had a devastating impact on the world of sports and football, with no club being immune to the financial hits delivered. Whilst some are equipped better than others, in terms of coping and survival, nobody has escaped a drop-off in revenue.
Ed Woodward announced the club’s quarterly financial records on Wednesday, with United bringing in £118m less revenue during the 19/20 season, compared to the 12 months prior.
In total, the Red Devils announced a £23.2m loss for the 12 months ending June 30. Inevitably, this has effected the club’s stock (graphic below taken from reddit).
United’s net debt increased by 132.9%, due to the lack of cash flow within the club. No supporters attending Old Trafford is seeing the Red Devils lose out on an estimated £5m for every matchday played at home.
The financial readings are evidently grim at present, with improvements not being forecasted, anytime soon.