Manchester

MANUNYSE
MANU
ManchesterNYSE
 
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Nov 242022

Lining up the winning shot

Manchester United might be ready for a buy-out and investors are on their knees praying this deal hits the back of the net.

  • Shares in Manchester United have been on a rampage recently, surging by 43% this week so far to a price of $18.80 a pop. The rally comes as the team’s star player, Christiano Ronaldo, announces he will be leaving the club with immediate effect – check out his Piers Morgan interview to get a hint as to why, if you haven’t already. It’s worth it.
  • News of the club’s potential buy-out had investors doing bicycle kicks, after the club said they are “exploring strategic alternatives to enhance growth.” Thus far however, shares in the club haven’t been a fantastic investment, with MANU down by 12.5% over the past five years.
  • Despite the rally, analysts aren’t convinced that the stock has the star quality it needs to get investors chanting its praises. In fact, S&P Global Market Intelligence predicts that the company will continue to lose money for at least the next three years. But as Saudi Arabia showed us on Tuesday – odds are made to be beaten.
Harry Walsh / Unsplash

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