Man Utd see £1bn wiped off value as stock markets crash amidst coronavirus outbreak

Manchester United have been in top form since advent of 2020. Premier League giants have been boosted with January arrivals of Bru Fernandes and Odion Ighalo and that has been a key factor in Ole Gunnar Solskjaer's men move up Premier League standings. However, recent Coronavirus outbreak has halted momentum of Man United with entire English top-flight being forced into lockdown until at least April 3, 2020.

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Coronavirus outbreak

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Coronavirus outbreak: Manchester United stock market value expected to drop

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Coronavirus outbreak: Man United see £1bn wiped off as stock market crashes

In February, Man United had a value of £3 billion. However, since Coronavirus outbreak, ir share price has fallen to just over £9.92 as of Monday. At start of 2020, stock price was around £16.53. Man United were bought by Glazer family in 2005 in a takeover that was believed to have cost around £790million. In recent times, American owners have seen a lot of hate directed towards m by Man United faithful. ir poor transfer strategy over last two seasons prompted Man United faithful to call for a change in ownership. Since 2018, re has been rumoured interest from a Saudi Arabian mogul to purchase Man United with Glazer family slapping a price tag of £3 billion on club.

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