Amid the backdrop of a potential sale of the club, and on the same day as fans protested against the ownership of the Glazer family outside of the megastore at Old Trafford, Manchester United announced some healthy financial results.
As a Plc, traded on the New York Stock Exchange, United provides quarterly earnings reports for its shareholders. And while the stock price has fluctuated significantly during the past six months or so, with markets reacting to developments surrounding the potential takeover, the financial performance of the club has remained steady, with the latest report that the club grew its revenue 11 per cent to £170m for the three-month period ending March 31. That was enough to see its stock jump and add another $250m to its market capitalisation, which now stands at around $3.9bn.
The resilience of the club financially despite the ongoing ire from fans towards the ownership seemingly dragging its heels over a sale, demonstrates another reason why the Glazer family are still considering their longer term position, with they, like many ownership groups, seeing more financial upside further down the line.
