Manchester United shares fell by as much as 9 per cent on the New York Stock Exchange yesterday, although they did rally later, closing at $15.16, down on the day by $1.53. The shares are relatively volatile, having fluctuated between $12 ad $19.34 over the last twelve months.
The reason for the fall appears to have been reports of a possible signing of Benfica defender Ezequiel Garay for £17m.
Manchester United shares fell by as much as 9 per cent on the New York Stock Exchange yesterday, although they did rally later, closing at $15.16, down on the day by $1.53. The shares are relatively volatile, having fluctuated between $12 ad $19.34 over the last twelve months.
The reason for the fall appears to have been reports of a possible signing of Benfica defender Ezequiel Garay for £17m.
Financial website Benzigna claimed that ‘the large cash disbursement for the defender does affect Manchester United’s finances, who only reported cash of $113m as of the last filing.’ Nevertheless, they should be able to afford a signing of this size without too much difficulty.