It’s remarkable to think about how a team once hailed as the best in the world with almost no equal can fall so low while still maintaining a position of yearly contention for major titles. And yet, for Manchester United, that appears to be exactly what has happened in the years since Louis van Gaal took over the top job.
According to a report from the Mirror, analysts have judged that Manchester United is now worth $1 billion less than it was worth when Louis van Gaal managed the club for the first time in a July 2014 match against LA Galaxy.
Per the report, the club’s ‘share price has dropped by $6.25 since July 2014, from $19.58 to $13.33, on the close of the New York Stock Exchange on March 23 2016…’ while at the same time, the US stock market has increased in value by three percent.
The source attributed some of the value losses to bloated contracts given to players who couldn’t hack it at Old Trafford as well as the inability to win or even qualify for major tournaments at home or abroad.
The club has faced significant losses in revenue as a result of their inability to secure Champions League advancement, losing £30 million in broadcast revenue in 2015 and an estimated $82 million in losses just last month.
SEE MORE:
Arsenal starlet released from hospital, on way to Nigeria for senior team duty
Arsenal key man believes title is still winnable & Wenger is the man for the job
Tottenham’s hidden gem should not be written off