Premier League - Terrible start sees shocking drop in Manchester United's value

Manchester United's value has plummeted by £250 million to £1.5 billion in just one month all because of their worst start to a season in 24 years.

Premier League - United must move fast with vital window looming

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Manchester United's stadium Old Trafford (PA Sport)

United’s dismal start to the campaign has seen the club’s value drop by a quarter of a billion in just one month, it has been revealed.

According to a report in The Sun, United’s share price has now fallen to £1.5 billion as a result of poor performances and unrest within the club.

It all comes with United seventh in the Premier League table following six defeats before the turn of the year.

David Moyes’s side have also been knocked out of the FA Cup and trail Sunderland 2-1 after the first leg of their League Cup semi-final.

United find themselves trailing leaders and local rivals Manchester City by a full 10 points and football finance consultant Keith Harris has told the newspaper of the extent of the club’s slump.

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"The poor on-field results have begun to take a grip that has cost shareholders of Manchester United just under a quarter of a billion pounds," he said.

"The value of the business marked by the share price is worth about £250m less than it was just over a month ago. The Glazers are more interested in Manchester United as a producer of cash for themselves - this is a significant fall by any measure.

"It's a huge sum of money. It's not cash but paper value. It will be something they will inevitably keep their eye on,” he added.

"The Glazers had the opportunity to sell at a higher price than they could fetch today and declined because I think they thought that the curve they were riding was an ever-improving one.

"They are still burdened heavily by interest. In the last five years they paid around £400m in interest and recorded a loss of income in the quarter they just reported."

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