The Value of Manchester United Football Club has dropped by as much as £400m and possibly more due to the poor performances of Louis Van Gaal’s side and their lack of success in European competitions.
A hefty £250m was handed over at the start of his reign and much of it spent on players that have not quite lived up to the price tags. Players like Memphis Depay, Angel Di Maria, Falcao and Bastian Schweinsteiger have not lived up to the money spent on them.
The Red Devils had profited from bug commercial deals and listed on the New York Stock Exchange at around $18.30 per share at the start of the season. Come the end of the season, however, and that value has dropped to around $13.95. Sky Sports ranked Manchester United as having a market capitalization of around £2bn at the start of the season but they now reckon this has fallen by over £400m.
This can’t be blamed on Louis Van Gaal alone, because it is the players that have caused the meltdown by underperforming but the manager is always the one with his head on the chopping block.
Manchester United currently sit 4 points behind their Manchester rivals, City, and another year without Champions League football would mean extra losses of £50m.
If Louis Van Gaal is replaced at the end of the season, as expected, Jose Mourinho is widely tipped to turn things around and bring back the glory days. Is Mourinho the man to do it?