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Before the Glazers took over Manchester United, the last thing that MUFC fans focused on was the clubs finances.
United were debt free and were regularly able to go and buy the best players in England without worrying about the books.
After the Glazers purchase loaded the club with huge debt, everything financial seems to revolve around debt.
Indeed, many experts believe that the club has lost over £1bn just repaying the debt.
And that debt still stands.
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When Sheikh Jassim was interested in buying the club, one of the things that he offered was to clear the clubs debts.
However, since INEOS came in, the debt is still there.
So any further financial loss is only going to be a negative.
News that has emerged recently will only add to the financial woes at the club.
According to The Sun, Manchester United lost almost £200m from their share price in just over two weeks.
The Red Devils value on August 31 stood at £2.25bn, but stands at just £2.06bn as of September 14.
That represents a loss of £190m.
There are two contributing factors towards such a dramatic loss in share price.
Firstly, the club announced a major net loss for the last financial year.
Manchester United made an incredible £113.2 million loss last season.
Secondly, Cristiano Ronaldo made some scathing comments about the club when speaking on Rio Ferdinand’s FIVE podcast.
Ronaldo has criticised both the club and manager once again, doubling down on comments he made to Piers Morgan just before he departed the club.
Both of these factors contributed to the club losing such a huge amount off their share price.
Speculation can cause both increases and decreases in share prices and it seems that these two negative pieces of news has caused concern on the price for the club.
INEOS and the Glazers will be hoping that a successful season will help increase the price over time.
With United selling a lot of players in the summer and looking to balance the books a bit better, there’s hope that future finance years will result in profit rather than loss for the club.
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