On the day that David Moyes was officially hired as Manager, May 9th 2014, Man United stock closed at $18.02 Today, shares closed at $15.75. So that drop of $2.27 since the Moyes regime began is worth -12.6%
Maybe Man United stock will increase tomorrow after Moyes led the Red Devils to an improbably win on aggregate over Olympiacos in the UEFA Champions League.
With the 3-0 victory, United moves on to the quarterfinals of Champions League. Is it time to buy Man United stock? (go here)
There’s only one sports team in the entire world which is publicly traded on the NYSE, (New York Stock Exchange) or any stock exchange for that matter Manchester United Ltd. (ticker symbol MAN.U) and yesterday fell very flat in its IPO during August of 2012, trading below the expected price.
And we can’t completely blame Moyes for why the value of Man U shares are dropping. Obviously, there’s so many other factors at work here way beyond his control. Likewise if Man United stock goes up. The only thing Moyes controls is winning and losing. And that does have significance on how Man United stock performs.
Paul M. Banks owns The Sports Bank.net, an affiliate of Fox Sports. An MBA and Fulbright scholar, he’s also a frequent analyst on multiple news talk radio stations. The former NBC Chicago and Washington Times contributor has also been featured on the History Channel.