Despite the Red Devils' lack of recent success on the pitch, Manchester United stock, which trades on the New York Stock Exchange, is up 3% this year — no easy feat in this tough market.
Making matters worse? The once mighty Man United’s last significant championship was a UEFA Europa League win in 2017 and its last Premier League crown came way back in 2013. But despite the Red Devils’ lack of recent success on the pitch, Manchester United\n \n stock, which trades on the New York Stock Exchange, is up 3% this year — no easy feat in this tough market. What’s more, shares have soared nearly 35% in the past three months.
United will report its latest earnings on September 22. Sales are expected to surge more than 40% from a year ago and the club’s passionate fans are not likely to abandon the team just because its Premier League rivals Manchester City, Chelsea, Arsenal and Tottenham have fared better in recent years.