Manchester United outperformed average market slump for listed clubs in volatile 2020
5 January 2021
EU clubs on average saw their share price fall by almost 26 per cent with just a few recording slight increases.
Manchester United saw only a modest decline compared to other European clubs.
The US stock market may have hit a series of records – both negative and positive - in 2020 with the S&P 500 closing 16.24 per cent up for the year, but European stocks largely slumped due to the pandemic, leaving few football clubs exempt from the downturn.
AS Roma, who in August were taken over by The Friedkin Group that purchased 86.6 per cent of their shareholding for €591 million, were the biggest losers among clubs in the European Union with their share price falling by 54 per cent to €0.31.
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