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Cristiano Ronaldo's critical interview about the state of Manchester United precipitated a steep drop in their stock price
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Cristiano Ronaldo's criticism of Manchester United has been credited with causing a drop in their stock price last week. Ronaldo's comments about Manchester United needing to 'rebuild everything' have been cited as one potential reason behind their stock price on the New York Stock Exchange dropping steeply last week. Ronaldo's commentscame in an interview with his former teammate on podcast Rio Ferdinand Presents, where he claimed United 'cannot compete to win the [Premier] League and Champions League' with Erik ten Hag in charge. VIDEO: Why Raheem Sterling Could Actually Be PERFECT For Arsenal Specifically 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 podcast was released on Thursday morning, a day after the stock price fall, but Ronaldo's quotes had been released in advance to the press and appeared in the English media on Wednesday morning, before the NYSE had opened for trading. We should point out that United also released their latest quarterly financial report to the public on the same day and reported a net loss of £113. 2m for the 2023/24 financial year, which we dare say will have been more of a major factor. The best features, fun and footballing quizzes, straight to your inbox every week. 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. Manchester United boss Erik ten Hag's successor named, as pundit slams board Manchester United: Thomas Tuchel touted to take over from under-fire Erik ten Hag Angel Gomes has given nod to Manchester United return - with contract up next summer Thank you for reading 5 articles this month* Join now for unlimited access Enjoy your first month for just £1 / $1 / €1 *Read 5 free articles per month without a subscription Join now for unlimited access Try first month for just £1 / $1 / €1 Steven Chicken has been working as a football writer since 2009, taking in stints with Football365 and the Huddersfield Examiner. Steven still covers Huddersfield Town home and away for his own publication, We Are Terriers. com. Steven is a two-time nominee for Regional Journalist of the Year at the prestigious British Sports Journalism Awards, making the shortlist in 2020 and 2023. Sevilla ultras spark 'Manchester United-inspired' protests Why Arsenal are wearing black for the North London Derby? Manchester United handed Matthijs de Ligt warning, following protest and petition Four Four Two is part of Future plc, an international media group and leading digital publisher. Visit our corporate site. ©
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