{"id":16110,"date":"2023-05-31T06:40:06","date_gmt":"2023-05-31T10:40:06","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/manchester-united-stock-europe-secured-takeover-pending-nysemanu\/"},"modified":"2023-05-31T06:40:07","modified_gmt":"2023-05-31T10:40:07","slug":"manchester-united-stock-europe-secured-takeover-pending-nysemanu","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=16110","title":{"rendered":"Manchester United Stock: Europe Secured, Takeover Pending (NYSE:MANU)"},"content":{"rendered":"
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Manchester United plc (NYSE:MANU<\/span>)<\/strong> and its stock has been much talked about lately amid a pending takeover. However, new tailwinds have emerged as the club has secured Champions League football for the new season, and talks of big-name signings have heated up.<\/span><\/p>\n

Let’s traverse into a more detailed discussion about our latest findings.<\/p>\n

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Data by YCharts<\/figcaption><\/figure>\n<\/p>\n

On-field Improvements<\/h2>\n

Europe Secured & Carabao Cup Glory<\/h4>\n

Manchester United’s 2022\/23 season was a success on many fronts. The team jumped to third in the league from 6th in the previous season and won the Carabao Cup (a domestic cup championship).<\/p>\n

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MANU League Finish (FOTMOB)<\/p>\n<\/figcaption><\/figure>\n<\/p>\n

Although quantitative measures show that Manchester United’s performance ticked up in 2022\/23, a closer look is required to fully appreciate the team’s progress.<\/p>\n

Here’s our take on Manchester United’s recent progress:<\/p>\n

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  1. Solved the Cristiano Ronaldo debacle and initiated a team-building process.<\/span> <\/li>\n
  2. Established a defense, illustrated by David De Gea’s golden glove award.<\/li>\n
  3. Confidence build-up among some of the out-of-form players such as Marcus Rashford.<\/li>\n
  4. Qualified for the Champions League in an ultra-competitive season.<\/li>\n
  5. The club’s manager, Erik Ten Hag, has implemented sound short-term solutions while establishing a clear trajectory for longer-term success.<\/li>\n<\/ol>\n

    In essence, we think United’s dressing room is in better shape than before, and the club is establishing a clear identity. Furthermore, there has been a lot of spring cleaning while achieving domestic success and qualifying for the Champions League. In our view, Manchester United is well-placed to complete a few signings that could result in the club challenge for big trophies once more.<\/p>\n

    Transfer Plans: Harry Kane a Possibility?<\/h4>\n

    As mentioned in the closing words of the previous section, Manchester United is probably a few transfers short from competing at the top level again. It is not a secret that the club is looking for a striker, and one of the names mentioned is Harry Kane.<\/p>\n

    Harry Kane is the second-highest goal scorer in the English Premier League’s history and has hinted at his desire to leave his current team, Tottenham Hotspur. According to numerous reports, Manchester United is a likely destination for Kane as it seems like a natural fit in today’s context.<\/p>\n

    Kane might add significant commercial value to the club and proliferate match-day sales. If Kane’s transfer does not realize, the club has the option of going for other top players as it has re-qualified for the UEFA Champions League.<\/p>\n

    A Pending Takeover<\/h2>\n

    Manchester United’s potential takeover is old news by now. However, for those unaware, a majority stake in the club is up for sale after the Glazers (the current majority holders) have decided to listen to direct offers.<\/p>\n

    As things stand, it seems like United will either end up in the hands of engineer\/investor Sir Jim Ratcliff or Sheikh Jassim of Qatar. Regardless of who assumes control, a bidding war is underway, which is generally a sign that shares will be bought at a premium, in turn raising the fair value of minority shareholders’ stakes.<\/p>\n

    Financial Performance<\/h2>\n

    Manchester United last reported financial results in March 2023, which reflected its third quarter, ending on December 31, 2022. Firstly, the club’s commercial revenue grew strongly, surging by 22.2% year-over-year amid events like a sponsorship agreement with Tezos and sponsorship credits. The organic growth within United’s commercial segment tells us that the club’s brand remains strong and has a stronghold over sponsorship seekers.<\/p>\n

    Furthermore, the club’s broadcasting revenue suffered from a 32.1% year-over-year drawdown. However, United claims this is due to the impact of playing non-Champions League football. Thus, the segment’s revenue will probably recover over the next year as the team has re-qualified for the champions league.<\/p>\n

    Lastly, match-day revenue slumped by 13.6% in the same period. According to Manchester United, this is due to playing fewer home games. However, in our view, the club’s fanbase was deeply disgruntled with the team going into the 2022\/23 season, likely resulting in lower attendance and spending. Nevertheless, performances have picked up, and additional factors, such as new ownership, European football, and a few new signings, might result in higher matchday revenue over the next year.<\/p>\n