The value of Manchester United has dropped by over £1.3billion after shares fell to a record low on Monday.
By the close of play on June 13 shares in Manchester United plc were trading at just 11.07USD, a drop of 47 per cent since October 2021.
A year ago, the shares were valued at 15.66USD and peaked at 20.74USD last September, following a strong start to the season and a strong commercial boost after the recapture of Cristiano Ronaldo.
READ MORE: United debt rises to nearly £500million in latest financial accounts
It is suggested that United’s falling stock prices are a reflection of the wider economic fears in the market as well as the intended outlay to overhaul the playing squad and regenerate Old Trafford.
It means that since the Glazers took over United in 2005 share prices have fallen by 21 per cent overall.
Last month, United’s accounts revealed that the club’s net debt had risen 11.8 per cent from this time a year ago, with the figure now standing at £495.7million.
Despite the rise in debt, dividends will once again be paid to shareholders, including the Glazer family, on June 24.
Dividends are paid twice a year, in January and June, with the majority of those dividends being paid to the six Glazer family members who hold shares in the club.
In January, that dividend payment to shareholders was nearly £11million.
For all the latest Sports News Click Here
For the latest news and updates, follow us on Google News.