Shaun Botterill/Getty Images
Manchester United might have ended their run of defeats with victory over Swansea City on Saturday, but their poor season to date has seen the club's share price drop sharply, reports Jonny Fordham of The Sun (subscription required).
David Moyes' reign at the club has got off to a disappointing start, and the results on the pitch have been followed by a drop in the share price of £250 million last month, according to Fordham.
Football consultant Keith Harris is quoted in the newspaper as saying:
The poor on-field results have begun to take a grip—that has cost shareholders of Manchester United just under a quarter of a billion pounds.
The value of the business marked by the share price is worth about £250m less than it was just over a month ago.
The Glazers are more interested in Manchester United as a producer of cash for themselves—this is a significant fall by any measure.
It’s a huge sum of money. It’s not cash but paper value. It will be something they will inevitably keep their eye on.
Meanwhile, United defender Nemanja Vidic will be offered a bumper package to join Galatasaray, reports Sami Mokbel of the Daily Mail.
Moyes was among the crowd for the Cagliari vs. Juventus game on Sunday where Arturo Vidal and Davide Astori were among his men to watch, reports David McDonnell of the Daily Mirror.