English football club Manchester United remains the leader in share value among all its publicly traded peers.
Football clubs have been attempting to list on stock exchanges since the early 1990s. Currently, more than two dozen clubs worldwide have shares available on global exchanges, with English club Manchester United consistently the most popular over many years.
By the end of March this year, the price of one share in this English football giant rose to $25.5, easily explained by three key factors:
- Sporting success. The Manchester team showed strong progress in the English championship, becoming one of the main contenders for a top-three finish. Additionally, Manchester United remains the top favorite in the Europa League. This can be confirmed by downloading the convenient BetBoom bookmaker app and checking the odds for the Mancunians winning this prestigious trophy. Currently, the team leads all contenders with a success probability of over 45%.
- Financial success. Manchester United has demonstrated stable revenue in recent reporting periods and has fully recovered from the disruptions caused by the COVID-19 pandemic in 2020.
- Potential club sale. To some, the transfer of such a valuable asset to new owners might seem like bad news for share growth, but for United, it’s different. The current owners, the American Glazer family, may sell the club to even wealthier individuals. Saudi Arabian investors are reportedly first in line, which would almost certainly mean massive investments into the club and enhanced financial capabilities.
Manchester United is currently focused on developing its current squad to challenge Premier League rivals for the title in the near future. Based on odds from leading bookmakers, whose mobile apps are detailed on betonmobile.ru, United has relatively low chances of overtaking neighbors Manchester City or London’s Arsenal in the current title race.
However, in the next championship, the Red Devils (Manchester United’s nickname) are fully capable of contending for the gold medals as equals. This would, of course, lead to another rise in the club’s share price, as sporting success is often a key driver of this process.
Manchester United listed its shares on the New York Stock Exchange in August 2012. Initially, the English club’s shares traded at $14 each. As we can see, the value has significantly increased since then. However, it is not at its historical peak, which was $26.84 at close on February 16, 2023.
