Register Login Live


United Share Price Takes A Hit

At this time of the year, transfer rumours mean big money to the global football media, as well as sports betting houses.

But in the age of football clubs listed on the world’s biggest stock exchanges, transfer rumours can be a costly and unwanted influence.

Manchester United’s share price took a significant hit on Wednesday, dropping 9% on the New York Stock Exchange in just 24 hours.

A single share in the English champions could be purchased for $15.16 at close of trading on Wednesday, down by $1.53.

It is believed that rumours of United’s intention to lavish £17 million on Benfica defender Ezequiel Garay caused the stock market jitters.

The Red Devils have had their beady eye on 26-year-old Argentine international Garay for two seasons at least, and are said to have reached a deal to sign him.

According to Soccernet, financial website Benzigna says the financial outlay on Garay has not been met with happiness by the market.

Interestingly, while United’s stock price dropped by 9% because Garay could be signing for them, the price dropped by just 4.5% in the aftermath of Alex Ferguson’s retirement.

Is Garay a risky investment for Manchester United?

Forgotten Man Anderson Happy At Manchester United


Top 5

12 Players Who Went Bankrupt

21 Dec 07, 2020 12:34 PM in World News

Nedbank Cup Last 32 Fixtures Revealed

132 Jan 14, 2021 06:28 PM in Nedbank Cup

Transfer Update: Salah

1 Jan 19, 2021 12:42 PM in English Premier League

Chiefs' Plans To Catch Downs

147 Jan 08, 2021 07:05 AM in Kaizer Chiefs

Transfer Update: Salah

1 Jan 19, 2021 12:42 PM in English Premier League

Hunt Selects Chiefs' Man Of The Match, Snubs Nurkovic

41 Jan 19, 2021 07:45 PM in Kaizer Chiefs

Revealed: Serero Amongst 10 Highest Valued SA Players

3 Jan 19, 2021 11:45 AM in Players Abroad

Pogba: Rashford & Martial Don't Have Cavani's Quality

11 Jan 22, 2021 08:31 AM in English Premier League

Check Out Moleko’s Farm Ride Flexes

4 Jan 21, 2021 03:10 PM in Stars & Their Cars

14 Footballers Who Have Degrees

28 Sep 16, 2020 08:30 PM in World News

Chiefs Explain Unpleasant Trip To Angola

56 Jan 07, 2021 09:14 AM in Kaizer Chiefs

11 Footballers Who Went Broke

33 Jun 10, 2020 07:15 PM in World News

Festival & Co Lauded As Unbeaten Swallows Prepare For Bucs

6 Jan 07, 2021 03:12 PM in Orlando Pirates