Louis Van Gaal was brought into to restore United to its former glory but since the announcement in May that Van Gaal would take charge, the club's share price on the New York Stock Exchange (NYSE) has rocketed, according to dailymail.
At the time Van Gaal was announced as a replacement for Moyes on May 19, shares in United were trading at $16.74 (£9.86). But after Holland reached the last four of the World Cup and UNited began their pre-season tour of the States, this had risen to $19.35 (£11.40) by the close of business on Friday.
This means the 10 per cent stake in United floated on the NYSE back in 2012 has risen in value from £164,333,348 to £190.000.003 since Van Gaals' appointment, taking the club's overall value towards the £2bn mark.
Van Gaal's arrival has led to increase in share price, the 55,000 allocation season tickets being sold quicker than anytime the since the ground increased its capacity to 76,000 and United announced a 10-year-deal with Adidas worth £750m.
Lets just hope that more trophy's will be earned at the end of the season.
No comments:
Post a Comment