The Man United market value has dropped by over half a billion in pounds due to the Coronavirus outbreak. The US stock market crash meant that the Red Devils are facing the brunt of the Man United market value that is in freefall at the moment. The Man United market value has dropped over £500 million over the course of three weeks in sync with the Coronavirus outbreak.
The US stock market crash has been the worst since 1987 and it has affected business all over the globe. The US stock market crash has worked in tandem with the Coronavirus outbreak which has been declared a pandemic. Inadvertently, this has had a major impact on the Man United market value.
On February 20, the Man United stock price stood at £15.34 but has since dropped to £11.47 over the past three weeks. In that time, the Man United market value has fallen by half a billion pounds. In May 2019, Man United's market value in total stood at £3.2bn. but has now fallen to around £2.5bn. There is also the risk that the Man United market value would fall even further over the next few weeks following the US stock market crash intensifying as a result of the Coronavirus outbreak.
Man United are still in plenty of debt subsequently and as the market value for the 20-time Premier League champions continues to decline. The Man United debt is surely a headache for the entire club and something that needs immediate addressing by Executive vice-chairman Ed Woodward.
The Red Devils hammered their Austrian opponents LASK 5-0 in their Europa League last 16 first leg tie to all but ensure their progression into the quarter-finals of the competition.