Record blow for Manchester United as chief executive reassures fans over summer transfer window

Here are your Manchester United evening headlines for Tuesday, June 14.

All eyes are on Erik ten Hag this summer as he sets about his summer rebuild at Old Trafford. But there’s another pressing question over just how much backing he will receive to make new signings.

With United yet to make their first signing of the summer, they’ve already been dealt a major blow. The club’s value has dropped by over £1.3billion after shares fell to a record low.

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The price of shares has now dropped by 47 per cent since October 2021, with United enjoying a strong commercial boost following the recapture of Cristiano Ronaldo last year. It means that, since the Glazer family took over at United in 2005, share prices have fallen by 21 per cent overall.

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With the wait for a first signing of the summer continuing, United fans have been growing restless. Their patience hasn’t been helped by the likes of Manchester City and Liverpool seemingly stealing a march on them by getting big deals wrapped up early.

Club sources have been eager to reiterate that the transfer window has actually only been open since Friday. But while their approach is a patient one, it won’t do anything to quell the supporters on social media.

United’s fans have, indirectly, been handed some reassurance from Richard Arnold. The club’s chief executive stated earlier in the year that the strength of their commercial operation is helping to fund investment in the club.

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