Manchester United Stock Slips as Club Misses Out on Europa League Title

Tiger Newspress
05-22

Manchester United shares fell 7.2% in premarket trading on Thursday after the club's final chance at silverware this season vanished with a 1-0 defeat to Tottenham Hotspur.

Manchester United manager Ruben Amorim has offered to quit the soccer giant without any compensation if the club wants to sack him after losing the Europa League final.

While both Manchester United and Tottenham have had dreadful Premier League seasons, the winner of the Europa tournament automatically qualifies for the Champions League next season and will see a major financial windfall.

Last year, publicly traded Manchester United generated $777.1 million in revenue, which was down from the prior two years.

A major consideration with the stock in the past has been the success of the iconic club in the Champion's League.

When it comes to Wall Street analysis, 2 out of 4 analysts recommend a Strong Buy, and 2 recommend a Hold. Seeking Alpha analysts have a Sell rating on the company.

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