I got it as well as a free share I’m going to keep it unless it starts to tank
Wonder why this is popping this afternoon, sorry City fans!
Wonder how this stock goes on Monday
Managed to wind up a relative who has gotten into investing by saying that I’m tempted to attempt to swing trade MANU in 2022. Said it without ever having looked at the stock for the sole purpose of getting a rise out of them, but the behavioral pattern seems surprisingly regular.
He will want to know how many fans are real and how many are plastic before buying.
Manchester United is said to be worth around $4.6 billion.
Another failed transfer for MANU
Meme stock for a meme club
(Ps. I am a united fan… unfortunately).
Wait til they get tonked by an injury hit Liverpool next Monday and it’ll drop right back #YNWA. (Only joking obvs but a bit of footy banter never goes amiss!).
You would say that wouldn’t you Stevie G?
Ha ha! Albeit I wasn’t the worst player in the world, it’s fair to say the only thing me and that particular fella share is our birth place
Looks like new owners will be incoming.
I was saying to some friends of mine who support Manchester United (I don’t support them myself) a few months ago that shares in United were an absolute safe bet. They were floating at around 13/14$ per share at the time with a market cap of around 2.2 billion, and I can’t see them getting sold for any less than double that.
The only downside to that was that obviously this profit could only be extracted if and when the club was put up for sale, which the owners were not obligated to do.
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All the tech giant stories are nonsense imo. Streaming acquisitions would only really make sense for smaller clubs.
Even at the current share price it gives a market cap of just under $3.5 billion. The lowest valuation I’ve seen for a potential sale is £4.5 billion, the highest upwards of £7 billion.
It’s interesting to note that the owners have appointed the Raine Group as their financial advisors for the process, the same company that oversaw the sale of Chelsea FC.
Chelsea went for £2.5 billion (with a promise of an extra £1.25 billion in investment I believe), had worldwide interest, and was a forced sale. Which is an important point.
The fact that the Glazers are not duty bound to sell, and that it is a opportunity to own one of the worlds most notable assets, almost everyone in the galaxy has heard of Manchester United, makes me think it will go for at least double the price that Chelsea did.