Manchester United‘s stock has hit an all-time low as the club prepares for a huge summer of transformation at Old Trafford.
Manchester United’s worth has plummeted by over £1.3 billion as its stock hit a new low on Monday.
Manchester United plc shares were selling at just 11.07USD at the close of trade on June 13, down 47% since October 2021.
The shares were worth 15.66 USD a year ago and peaked at 20.74 USD in September, following a solid start to the season and a huge commercial boost following Cristiano Ronaldo‘s comeback.
United’s stock price declines are thought to be a reflection of the market’s wider economic worries, as well as the planned spending to replace the playing roster and renovate Old Trafford.
It means that since the Glazers took control of United in 2005, the stock has lost 21% of its value.
United’s net debt has climbed 11.8 percent from this time last year to £495.7 million, according to the club’s accounts released last month.
Despite the increased debt, dividends will be paid to stockholders on June 24, including the Glazer family.
Dividends are paid twice a year, in January and June, with the majority of them going to the six Glazer family members who own club shares.
The dividend paid to stockholders in January was over £11 million.
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