This season has not been a good one for Manchester United by all measures, and all fingers are accusing manager Louis van Gaal and his strategies, alleging the club has lost almost $1 billion since he took over as manager.
The Mirror UK reveals that over $1 billion has been wiped off the club’s share price value, since his first game in July 2014, at the club’s pre-season tour.
New York Stock Exchange on March 23 2016, disclosed that United’s share price has dropped by $6.25 since July 2014, from $19.58 to $13.33, while over the same period, the US stock market has risen by 3 percent.
Last month, United’s shares dropped dramatically again with $82 million wiped off in just hours, the club’s market value has suffered a spectacular decline in recent months – despite the club announcing a record revenue and huge commercial growth in their latest financial results.
The club who have just been dumped out of the Europa League, are generally in the running for the Premier League title, but have no chance of winning it this season.
Reports say they have also been very boring to watch for long periods, an insult to a history coloured by George Best, Eric Cantona and Cristiano Ronaldo.
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Louis van Gaal took over from David Moyes to become Manchester United’s manager in the summer of 2014. He has had two seasons, and an unprecedented budget to make United into title challengers and they are currently only one point closer to the City neighbours, Manchester City – who are in 4th place. Meanwhile, they are 16 points behind the Premier League’s surprise leaders, Leicester City.
For a club who has spent so much and is expected to do better, Van Gaal has been embarrassed by the success of teams on much smaller budgets, Tottenham (2nd) and Leicester (1st) in particular, and there is no evidence that his strategy is working.
United are currently averaging 1.6 points a game, as opposed to 1.8 last season, and sit sixth in the Premier League following last weekend’s Manchester derby, just a point behind fourth-placed City.
Football analysts suggested splashing out on expensive players and subsequent failures on the pitch had a detrimental effect on the club. Van Gaal has remained under-pressure at Old Trafford after another poor season with fans growing disillusioned with his style of play.
With the players at his disposal and the money he’s spent, finishing fourth last season and fourth again this year would be a long way from being good enough.
Meanwhile, Jose Mourinho who is regarded as one of the best managers in the world, has reportedly signed a pre-contract agreement with the club, which desperately needs somebody capable of going toe to toe with Pep Guardiola at Manchester City next season.
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