How Manchester United's $1billion share price value drop will affect them
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manchestereveningnews.co.ukManchester United have seen their value fall by more than $1billion as a result of the US stock market crash in the wake of the coronavirus pandemic.
United’s shares were individually valued at around $20 earlier this year, but are now down to $13 as the stock exchange struggles in the wake of the huge economic impact bought by the coronavirus crisis around the world.
But the drop in value of United’s share price will have little to no impact on the club on a day-to-day level, according to football finance expert Kieran Maguire, unless the club was to try and raise short-term cash for an expenditure project such as redevelopment work on Old Trafford.
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