Manchester United hit all-time high on stock exchange despite on-pitch struggles
Across the past three weeks United’s share prices have rocketed on the New York Stock Exchange, hitting a new record high of £18.50 per share
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Your support makes all the difference.It may not be going to plan for Jose Mourinho and his Manchester United players at the moment but that hasn’t stopped the club growing from strength to strength off the pitch.
Indeed, when it comes to United’s financial worth, the Old Trafford club has reached new heights.
Across the past three weeks United’s share prices have rocketed on the New York Stock Exchange, hitting a new record high of £18.50 per share. This places the overall value of the club at a staggering £3.1bn.
Despite United’s on-pitch struggles, the news will serve to further vindicate executive vice-chairman Ed Woodward, who has come under scrutiny in recent months for failing to back Mourinho in the transfer window.
This in turn has prompted speculation that the Portuguese manager is no longer being considered for the long-term at United.
The Old Trafford chief also faced criticism earlier this week from Gary Neville for his recent handling of the club’s affairs.
“If Ed Woodward was going to doubt Jose Mourinho, then the time to be doubting him was last January,” Neville said.
“The minute he gave Jose Mourinho a contract extension — which some would say was unnecessary part-way through a season — he had to then buy him the centre backs. It's been messy these last couple of weeks.”
But Woodward is unlikely to be paying too much attention to Neville’s words in light of his continuing financial success at Old Trafford.
United recently announced a partnership with whisky brand Chivas and a record shirt-sleeve partnership with Kohler worth around £19.4m. The club also has a 10-year kit deal with Adidas worth £1bn.
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