By 90Min
November 21, 2018

Manchester United have experienced the biggest fall in share price in two years, wiping an estimated £300m off the club's value after share prices dropped by a reported 8.68 per cent on Tuesday.

The Glazer family listed United on the New York Stock Exchange (NYSE) in 2012 and Forbes valued the club as the most valuable sports team in the world in August at $4.8bn (£3.75bn).

Now, however, stock market figures show that individual shares dropped from $19.92 to $18.19 between the market opening and closing on Tuesday, recovering from $18.12 during the day.

It was only August of this year when United share prices reached an all-time high of $27.70.

The value of a single share in United hadn't dropped below $20 since May until the close of the market on Monday, while the highest prices last week were in excess of $22 per share.

As a result of the falling prices, ESPN estimates United are worth around £300m less on Wednesday morning than they were just 24 hours earlier. That report also notes that the Glazers are 'relaxed about the situation', pointing to a general slump that has affected many businesses.

The overall value of the club on the NYSE is said to be its lowest since 2016.

Laurence Griffiths/GettyImages

On the pitch, United signed off prior to the November international break with a 3-1 defeat against locals rivals and reigning Premier League champions City in the Manchester derby.

Paul Pogba was forced to miss that game as a result of injury, although there are hopes that the Frenchman will be fit enough to face Crystal Palace at the weekend after also having to skip international duty. There was, however, no sign of him with the rest of the first team squad when pop star Anne-Marie showed up to training on Tuesday.

In form forward Anthony Martial, who has scored six of United's last 10 Premier League goals, is expected to be fit in time to face the Eagles on Saturday.

You May Like

Eagle (-2)
Birdie (-1)
Bogey (+1)
Double Bogey (+2)