MX23RW : Tuesday, June 2 02:32:49| >> :120:14488:14488:

Manchester United valuation 'plummets by £1bn amid coronavirus crisis'

Man Utd valuation 'plummets by £1bn'
© Reuters
A report claims that Manchester United's market valuation has dropped by £1bn over the past three months.

Manchester United's valuation has plummeted by £1bn in wake of the coronavirus crisis, according to a report.

The stock market has been in freefall due to the ongoing global pandemic that has forced the postponement of sporting events across the world, including the Premier League.

United are one of the clubs to have been hardest hit, with The Mirror reporting that their share price has taken a massive drop.

The Red Devils' new market valuation is said to be around the £2bn mark, compared to well over £3bn in December.

There have been persistent rumours of a possible takeover of United over the past 12 months, with the Saudi Arabia royal family believed to be interested in striking a deal with the club's Glazer family owners.

ID:393160:
Latest coronavirus PSA advert

Coronavirus outbreak - Click here for more stories

Click here for more stories about Manchester United

Share this article now:
Manchester United's Anthony Martial in action with Manchester City's Ederson on March 8, 2020
Read Next:
Man charged over racist behaviour during Manchester derby
>
Latest Sports Video
Did you know...?

rhs 2.0

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!