Manchester United shares leap following Moyes sacking April 22, 2014 MANCHESTER United’s shares yesterday soared to their highest price since the retirement of Sir Alex Ferguson following confirmation that his successor David Moyes had been sacked. Shares leapt more than seven per cent to $19 on the New York Stock Exchange, before closing at $18.78, after the Premier League football club announced the dismissal of [...]
Deutsche takes a dim view of Manchester United player costs January 27, 2014 MANCHESTER United’s £37m record signing of Juan Mata from Chelsea, as well as the team’s current run of indifferent form, has prompted Deutsche Bank to downgrade its price target for the listed company’s shares from $21 to $16. “We now think we were too conservative in our player cost outlook,” says the Deutsche research team [...]
Manchester United cashes in on its global megabrand September 18, 2013 MANCHESTER United announced record annual revenues of £363.2m yesterday, with the English football giant massively expanding its commercial income streams. Commercial revenue jumped by 29.7 per cent to an impressive £152.5m in the year to 30 June, with the New York-listed club insisting that there is more to come. “We remain convinced there are huge [...]