Manchester United’s form has been erratic on the pitch of late, and times are tough off the field too.
The Red Devils suffered a net loss of £23.2million in the year to June 30 as the pandemic sucker-punched ticket and broadcast revenues.
Man Utd shares, listed in the US, are down from almost $20 to $14.20 so far this year. Off form: Manchester United shares have slumped this year That’s bad news for Nick Train, manager of the Finsbury Growth & Income Trust, who holds the stock.
The floppy-haired funds star has seen the trust’s share price diminish by about 10 per cent this year, but tells me he’s sticking with Ole Gunnar Solskjaer’s men for the long haul.He says: ‘Perhaps contemplate the comparison between equity in Manchester United and gold. Both are rare and beautiful in the eyes of some. Both have eternal characteristics.’New gold cannot be created and no one […]
October 25, 2020 (updated October 25, 2020) Published by StockMan