The impact of Cristiano Ronaldo's important interview with Manchester United on the state of the club was dramatic.
Cristiano Ronaldo's condemnation of Manchester United has been credited with causing a decline in their inventory value last year.
One possible explanation for Manchester United's stock price dropping sharply last week was Ronaldo's assertion that the club needed to "rebuild everything."
Ronaldo claimed United" ca n't compete to win the]Premier League and Champions League" with Erik ten Hag in charge in an interview with his former teammate from the podcast Rio Ferdinand Presents.
The recent financial statement and Cristiano Ronaldo's criticism caused a 10.8 % cut in Manchester United's share price.
The price fell from$ 16.61 per share at close of trading last Tuesday to just$ 14.99 per share ( a 10.8 % drop ) in the early hours of Wednesday morning
Ferdinand's radio was released on Thursday night, a day after the share price drop, but Ronaldo's rates had been released in progress to the media and appeared in the American media on Wednesday night, before the NYSE had opened for investing.
We should point out that United also released their latest quarterly economic review to the people on the same day and reported a net loss of £113.2m for the 2023/24 fiscal year, which we dare suggest will have been more of a major issue.
A spokesperson for Stocklytics commented, saying:" Manchester United is still, despite its on-the-pitch drop off over recent years, a huge, global club.
" However, its listing on the stock exchange means speculation can quickly result in a fall in share price, and the recent comments by a Manchester United legend Cristiano Ronaldo, and its worrying financial results, wiped the best part of £200m off the value of Manchester United's stock."
However, as of Friday afternoon United's share price had rebounded to$ 16.25 per share, trending back towards where it had been before Ronaldo's interview and the release of their quarterly financial report.
The Portuguese forward left United for a second time in November 2022 after being handed his release, and subsequently joined Saudi Pro League side Al-Nassr.
Copyright Notice:
Datavictory copyrights this specification. No part of this specification may be reproduced in any form or means, without the prior written consent of Datavictory.
Link:
