Manchester United share price increases amid Glazers protests and takeover speculation

The value of Manchester United has increased this month, amid protests against the Glazers' ownership.

The stock market valuation of Manchester United plc on the New York stock exchange is up $600 million in a month with shares having increased by 39 per cent. The share price is now above the August 2012 launch price for the first time in some months.

Manchester United plc shares are currently trading at 14.61USD, which is an increase from the record low of 11.07USD on June 13.

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Around a year ago, the shares in the club were valued at 15.66USD and peaked at 20.74USD last September, following a strong start to the season and a strong commercial boost after the re-signing of Cristiano Ronaldo from Juventus.

The recent bounce back in the value of shares comes at a time when United fans are protesting against the Glazers, with an estimated 10,000 fans marching against the American owners before United's game against Liverpool just last month. Sir Jim Ratcliffe, Britain's richest man, has expressed interest in potentially taking over the club but the Glazers have given no indication they are ready to sell up.

The club's third-quarter financial figures were released in June and they confirmed United paid an £11m dividend to shareholders - mainly to the Glazers - despite losses of £27m for the quarter and £44m for the year to date, wages up 20% and net debt up over £50m. The dividend has been paid every six months since 2016 and that's including during the pandemic.

The Glazers continue to be the only owners in the Premier League who take dividends.

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