The ongoing coronavirus pandemic has taken a huge toll on the stock market and English powerhouse Man United have not been spared. With play being suspended in both the Europa League, the European competition in which the Red Devils are competing in, and the Premier League, they have seen their value take a huge tumble.
According to the Sun, the 20-time Premier League champions have seen $1.2BN shaved off of their stock market value. The Old Trafford side were valued at $3.6BN a month ago but that number has now plummeted to $2.4BN.
This means that the vastly-spreading virus has thus resulted in the Manchester giants losing a third of their value, with their share price dropping from over $19.8 to $11.9. However, this is not a case specific to the Red Devils
Football as a whole has been affected. While the goal is to wrap up the 2019/20 campaign at a later date, even during the summer if need be, Europe’s suspended leagues may not be able to resume unless the situation allows it. With this in mind, the possibility of cancelling the remainder of the season hangs over the heads of every league organizer and with it comes huge financial loss.
Bundesliga could miss out on $836M if they are force to end the campaign prematurely while in LaLiga, that sum is $756.8M. UEFA announced that they have postponed Euro 2020 until 2021, with CONMEBOL doing the same with the Copa America, meaning the continental football governing bodies are also in for severe losses.
