Manchester UnitedNYSE: MANU

MANCHESTER, England--(BUSINESS WIRE)--Manchester United plc (NYSE: MANU), will commence work to modernize the men's first team building at Carrington Training Complex next week, with a focus on creating a high-performance collaborative environment for players and staff. The £50 million project will result in all areas of the building being refurbished to deliver a world-class football facility with a positive culture to support future success. The architectural practice Foster + Partners, led b.

Manchester United (MANU) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Manchester United Plc (NYSE:MANU) shares represent a significantly less attractive investment in the wake of Sir Jim Ratcliffe's INEOS taking its influential stake in the business, that's according to analysts at Deutsche Bank. The German bank, in a note, has cut its share price target to $16.00 from $20.30 - versus a market price of $14.67 – and retained a ‘hold' rating.

Manchester United Plc (NYSE:MANU) said it's relying on new co-owner Jim Ratcliffe to help the club “deliver success on the pitch”, while management continues to deliver record revenues. Sales during the group's second quarter, which covered the three months to 31 December 2023, reached a record £225.8 million as the football team continues to enjoy the financial benefits of UEFA Champions League participation.

Manchester United's (MANU) second-quarter fiscal 2024 results are expected to reflect solid contributions from its reportable line of businesses, along with high costs and expenses.

Manchester United's share price has fallen rapidly since Sir Jim Ratcliffe's investment was completed last month.

Manchester United's new billionaire owner Jim Ratcliffe says he won't simply get his checkbook out to solve the club's problems. "That's proven many, many times not to end well," he adds.

"Do you have confidence in the manager?" Manchester United's new owner Jim Ratcliffe tells Bloomberg that "this is not about" manager Erik ten Hag, as speculation continues about the billionaire's future plans for the team Read more: https://bloom.bg/48o72Vn

New Manchester United co-owner Jim Ratcliffe discusses his sole objective for the English soccer club and says return on investment has nothing do with his decision to invest.