MANCHESTER UNITED’S value has fallen by more than £400m since the start of the season.
United’s share price on the New York stock exchange was $18.37 (£12.84) when they kicked off the campaign with a somewhat fortunate 1-0 win at Old Trafford against Tottenham last August.
Twenty four hours after the return fixture on Sunday, a 3-0 defeat at White Hart Lane, the share price had fallen by 25 per cent to $13.83 (£9.67).
United’s poor performance in this season’s Champions League had a significant impact on the share price.
Dropping out of Europe’s elite club competition after losing to Wolfsburg in December caused the Red Devils’ share price to fall by five per cent to $17.82 (£12.45).
In February, it dropped below the 2012 $14 (£9.78) flotation level for the first time. It has continued to plummet as United have struggled to secure a top-four finish in the Premier League and therefore face the possibility of missing out on Champions League football altogether next season.
On July 22, 2015, United had a market capitalisation of £2.23bn. After the recent defeat at Tottenham it was down £650m to £1.58bn.
Since Louis van Gaal started work as manager in the summer of 2014 almost a billion dollars has been wiped off the value of the club.