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Man Utd share price fall; a sign of the times?

worcestersauce

"I'm no optimist I'm just a prisoner of hope
Jan 23, 2006
26,967
45,257
Manchester United's share price dropped by a $1.53 in 24 hours yesterday that's 9% so clearly there must have been a major problem verging on the catastrophic for the Red Devils, see this article:-
http://uk.eurosport.yahoo.com/news/premier-league-manchester-united-shares-drop-9-one-211639207.html

Reading through to see what the trouble was it seems the only explanation is a rumour that they were buying Ezequiel Garay from Benfica and I thought Christ he must be shite then but no, he's apparently quite good and the cause of the panic was that Utd were paying £17million for him which might have a detrimental effect on their financial situation.
Have we really got to the stage where the purchase of a new player to strengthen the team is such a negative that people are rushing to offload their shares in the club?
is this the future for Football?
 

RichieS

Well-Known Member
Dec 23, 2004
11,916
16,436
Not really since United are one of the few Premier League teams that are still listed.
 
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