£70m wiped off Man United share price amid Erik ten Hag uncertainty

Manchester United have seen £70m wiped off their share price value over the past five days - as pressure grows surrounding the future of manager Erik ten Hag.

The Dutchman has landed himself in hot water among some sections of the fanbase following a disappointing 3-0 loss at home to Tottenham Hotspur on Sunday afternoon. Following the defeat, MEN Sport reported that Ten Hag remains in favour with Ineos and would be in charge for the matches with Porto and Aston Villa this week.

While this decision has split opinion in the fanbase, it appears to have had a negative impact on the club's financial position too. According to stock and exchange traded fund market data analysts Stocklytics, United's value sat at £2.13bn as markets closed on Friday evening.

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However, following the result at the weekend coupled with Sir Jim Ratcliffe's decision to stick by Ten Hag, the club is now valued at £2.06bn as of Tuesday morning. In terms of the share price, United's stocks have now fallen from $16.51 (£12.43) per share at opening on Monday to $15.99 (£12.03) in just five days.

United's value has been declining significantly since February 2023 when it reached a record high of £3.56bn. Explaining the significance of this most recent drop in the club's value, analyst at Stocklytics said: "The negative on-pitch performances and pressure on the club’s management will impact the value of a club, particularly one that is as globally renowned and as highly scrutinized as Manchester United.

"Fans and investors will hope that whatever happens with personnel at the club, that results pick up and Manchester United becomes more successful on the pitch. This will make the club more attractive to sponsors and generate more revenue, in turn, helping to increase the value of the club."

It is widely considered in business that the higher a stock price, the more confidence investors have in the business model. During the battle for the United takeover, share price rose at the club when it seemed more likely that the Glazers would sell their whole stake in the club.

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