Manchester United manager Erik ten Hag is under increasing scrutiny both on and off the field following the defeat to Tottenham Hotspur at the weekend
Manchester United have seen £70m wiped off their share price value over the past five days - as pressure grows surrounding the future of manager Erik ten Hag.
While this decision has split opinion in the fanbase, it appears to have had a negative impact on the club's financial position too. According to stock and exchange traded fund market data analysts Stocklytics, United's value sat at £2.13bn as markets closed on Friday evening.READ MORE: Ten Hag is the main issue but this is a problem not of his making
United's value has been declining significantly since February 2023 when it reached a record high of £3.56bn. Explaining the significance of this most recent drop in the club's value, analyst at Stocklytics said: "The negative on-pitch performances and pressure on the club’s management will impact the value of a club, particularly one that is as globally renowned and as highly scrutinized as Manchester United.
It is widely considered in business that the higher a stock price, the more confidence investors have in the business model. During the battle for the United takeover, share price rose at the club when it seemed more likely that the Glazers would sell their whole stake in the club.
Manchester United FC INEOS Sir Jim Ratcliffe
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