MANU - Manchester United plc

NYSE - Nasdaq Real-time price. Currency in USD
14.28
+0.29 (+2.07%)
As of 11:50AM EDT. Market open.
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Previous close13.99
Open14.09
Bid14.24 x 4000
Ask14.25 x 3100
Day's range13.99 - 14.29
52-week range12.06 - 20.48
Volume340,596
Avg. volume213,253
Market cap2.35B
Beta (5Y monthly)0.84
PE ratio (TTM)N/A
EPS (TTM)-0.32
Earnings date22 Sep 2020 - 28 Sep 2020
Forward dividend & yield0.18 (1.24%)
Ex-dividend date23 Apr 2020
1y target est1,423.63
  • Manchester City Escapes Champions League Ban
    Bloomberg

    Manchester City Escapes Champions League Ban

    (Bloomberg) -- The credibility of UEFA’s financial fair play rules has been questioned after Europe’s top soccer regulatory body lost in its attempt to ban Manchester City for two years from the Champions League.Soccer governing body UEFA had barred the English Premier League team from Europe’s most prestigious competition for two seasons and fined it 30 million euros ($34 million) for overstating sponsorship revenue between 2012 and 2016.In an almost complete reversal, the Independent Court of Arbitration for Sport in Switzerland said Monday that Manchester City did not hide equity funding as sponsorship contributions, although it failed to cooperate with UEFA authorities. The fine was also reduced to 10 million euros.The ruling is a setback for UEFA and its efforts to prevent teams from spending without limits in order to win trophies.“It’s obviously a blow to UEFA,” said John Shea, senior associate at law firm Lewis Silkin. “I would expect UEFA to implement some changes in light of the decision in order to strengthen the regulations and ensure that clubs won’t have this route of appeal in the future.”At stake was a potential 100 million euros a season in revenue, the ability to hang onto top players who want to compete at the highest level and pride in one of the world’s most famous soccer clubs. No team from any of the big five leagues in Europe has ever been banned from the Champions League for breaching its financial fair play rules.Since being acquired by Abu Dhabi in 2008, Manchester City has grown to become the world’s sixth-biggest soccer club with annual revenue of more than 600 million pounds, according to Deloitte’s Money League. Last year it won the Premier League, the world’s richest soccer competition. Silver Lake owns around 10% of Manchester City, valuing it at about 5 billion pounds.Under the financial fair play rules introduced in 2011, teams have to balance their spending within revenues and are prevented from accumulating debt. Rivals say that breaches of the regulations allow the offending teams to spend more on top players, distorting competition.“We have to reassess whether the CAS is the appropriate body to which to appeal institutional decisions in football,” said Javier Tebas, president of La Liga. “Switzerland is a country with a great history of arbitration, the CAS is not up to standard.”The CAS decision has implications for this season’s race to qualify for next season’s Champions League tournament. Chelsea, Leicester City, Manchester United, and Wolverhampton Wanderers are all competing to join Liverpool, but now only two of them will qualify, instead of three had City been banned.The threat of being banned from the Champions League for overspending has been widely acknowledged as having helped to improve the profitability of Europe’s soccer clubs. In 2011, according to UEFA, the region’s 900 or so teams in top divisions went from a combined 1.7 billion euro-loss in 2011, to a 140-million-euro profit in 2018, according to UEFA(Additional context throughout)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Manchester United plc (MANU) Q3 2020 Earnings Call Transcript
    Motley Fool

    Manchester United plc (MANU) Q3 2020 Earnings Call Transcript

    A corresponding press release containing our financial results was issued earlier this morning and can be accessed on our IR website. Before we begin, and as a matter of formality, we would like to remind everyone that this conference call will include estimates and forward-looking statements, which are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements.

  • Manchester United (MANU) Reports Q3 Loss, Lags Revenue Estimates
    Zacks

    Manchester United (MANU) Reports Q3 Loss, Lags Revenue Estimates

    Manchester United (MANU) delivered earnings and revenue surprises of -700.00% and -9.37%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Manchester United revenues suffer as players sidelined
    Reuters

    Manchester United revenues suffer as players sidelined

    Executive Vice Chairman Ed Woodward acknowledged the uncertainty brought upon by "one of the most extraordinary testing periods in the 142-year history of Manchester United," but said he was optimistic about the future amid hopes the Premier League could resume next month. England's top clubs have returned to training this week with the aim of resuming matches behind closed doors in June, a sentiment echoed by Woodward on a post-earnings media call. Woodward said he hoped United could complete all of the first team's 2019-20 games by the end of August and start next season in time for it to end on schedule in May 2021.

  • Manchester United PLC Reports Third Quarter Fiscal 2020 Results and Provides COVID-19 Impact
    Business Wire

    Manchester United PLC Reports Third Quarter Fiscal 2020 Results and Provides COVID-19 Impact

    Manchester United (NYSE: MANU; the "Company" and the "Group") – one of the most popular and successful sports teams in the world - today announced financial results for the 2020 fiscal third quarter ended 31 March 2020.

  • Royal Caribbean (RCL) Q1 Earnings & Revenues Miss Estimates
    Zacks

    Royal Caribbean (RCL) Q1 Earnings & Revenues Miss Estimates

    Royal Caribbean's (RCL) first-quarter 2020 earnings hurt by cancellation of 130 sailings during the quarter.

  • Manchester United PLC Announces Third Quarter Fiscal 2020 Earnings Report Date
    Business Wire

    Manchester United PLC Announces Third Quarter Fiscal 2020 Earnings Report Date

    Manchester United plc (NYSE: MANU), one of the most popular and successful sports teams in the world, playing one of the most popular spectator sports on Earth, today announced that it will report results for the third quarter fiscal 2020 period ended 31 March 2020 on Thursday, 21 May, 2020, at approximately 7:00 AM EDT, followed by a conference call at 8:00AM EDT to discuss the results.

  • Carnival to Lay Off Employees in Florida Due to Coronavirus
    Zacks

    Carnival to Lay Off Employees in Florida Due to Coronavirus

    Carnival (CCL) focuses on layoffs along with reduced work hours and salary reduction to boost liquidity amid the coronavirus outbreak.

  • Earnings Preview: Manchester United (MANU) Q3 Earnings Expected to Decline
    Zacks

    Earnings Preview: Manchester United (MANU) Q3 Earnings Expected to Decline

    Manchester United (MANU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Norwegian Cruise (NCLH) Stock Down on Q1 Earnings Miss
    Zacks

    Norwegian Cruise (NCLH) Stock Down on Q1 Earnings Miss

    Norwegian Cruise (NCLH) first-quarter results hurt by the coronavirus-induced shutdowns.

  • Does Manchester United plc (NYSE:MANU) Have A Particularly Volatile Share Price?
    Simply Wall St.

    Does Manchester United plc (NYSE:MANU) Have A Particularly Volatile Share Price?

    Anyone researching Manchester United plc (NYSE:MANU) might want to consider the historical volatility of the share...

  • How Does Manchester United's (NYSE:MANU) P/E Compare To Its Industry, After The Share Price Drop?
    Simply Wall St.

    How Does Manchester United's (NYSE:MANU) P/E Compare To Its Industry, After The Share Price Drop?

    Unfortunately for some shareholders, the Manchester United (NYSE:MANU) share price has dived 34% in the last thirty...

  • Manchester United Plc Board of Directors Announce Share Repurchase Program
    Business Wire

    Manchester United Plc Board of Directors Announce Share Repurchase Program

    Manchester United Plc (NYSE: MANU, the "Company") announced today that its Board of Directors has authorized a share repurchase program for up to $35 million of its Class A ordinary shares, effective immediately. Pursuant to the share repurchase program, purchases of Class A ordinary shares may be made in the open market, in privately negotiated transactions or otherwise. The Company may, from time to time, enter into Rule 10b5-1 plans to facilitate purchases of Class A ordinary shares pursuant to this authorization.

  • Sky News

    Manchester United to investigate 'racist abuse' aimed at Jesse Lingard during FA Cup win

    Manchester United have launched an investigation into foul-mouthed and alleged racist abuse aimed at Jesse Lingard following their 3-0 win at Derby on Thursday night. United will speak to Derby about the incident which happened as Ole Gunnar Solskjaer's squad made their way onto the team bus at Pride Park. A video circulated on social media on Thursday night showing a group of people repeatedly shouting insults at Lingard and taunting him on his goals and assist tally this season.

  • Kane and Rashford on track but Southgate not ruling out Vardy return
    Reuters

    Kane and Rashford on track but Southgate not ruling out Vardy return

    England manager Gareth Southgate believes his two injured strikers Harry Kane and Marcus Rashford are "on track" in their recoveries but said he would not close the door on a Euro 2020 recall for Leicester City striker Jamie Vardy. Tottenham forward Kane had an operation in January on a ruptured hamstring tendon whilst Manchester United striker Rashford has been sidelined with a back injury.

  • The Best Way to Win at Sport? Buy the Tournament
    Bloomberg

    The Best Way to Win at Sport? Buy the Tournament

    (Bloomberg Opinion) -- If you want to make money from professional sports, trying to win a competition is a real punt. Far better to own the competition itself. Even better, own several competitions.The surge in online streaming has prompted private equity firms to scramble for ways to get into the content game. Many seem to have landed on sport as a good opportunity: a quarter of the 20 teams in English soccer’s Premier League now have an owner in private equity. If you invest in a studio or production house, then you risk having films or shows that aren’t a hit. By contrast, sport has a captive audience — a loyal fan base. Forget Star Wars or Marvel: athletic teams are the original franchises.But picking teams comes with an inherent risk. If you underinvest in a club, appoint an inept coach, or your star players get injured, then your team might not qualify for the premier competitions. Worse, it might get relegated: the lowest-placed teams get shunted into a lower division where income from broadcast rights, merchandising and ticketing is a lot lower. While a club in the UEFA Champions League can expect to make 475 million pounds ($609 million) a year in revenue, those in the Championship, England’s second tier, will make just 21 million pounds, according to a 2019 Deloitte study. Ouch. I’ve said it before: owning a European sports team seems little more than a vanity project for the errant super-rich.Sports tournaments, however, can be a lucrative proposition if you get them right. Just ask CVC Capital Partners, which made at least a 500% return on its 2006 acquisition of Formula One, the world’s most popular motorsport. The private equity giant has now set its sights elsewhere: rugby.Last year it bought a 27% stake in England’s Premiership, the top rugby division, for 200 million pounds. Now it’s trying to add to that with investments in Pro14, a club competition spanning Ireland, Italy, Wales, Scotland and South Africa, and the Six Nations, the annual round-robin tournament where the national teams of England, Scotland, Wales, Ireland, France and Italy compete. If those deals come off, then it’ll have invested 620 million pounds in the gentleman’s game. The 14% stake that CVC is reportedly seeking in the Six Nations will value the competition at some 2.1 billion pounds.How do you make those investments pay off? Broadcast rights. Moving a sport from free-to-air television to pay TV can triple the income from broadcasting rights, according to Boston Consulting Group partner Jean-Paul Petranca. F1 revenue has almost doubled since 2010 as it has moved the broadcast to pay TV providers like Comcast Corp.’s Sky unit. Terrestrial broadcasters British Broadcasting Corp. and ITV Plc between them currently pay the Six Nations £90 million a year for the privilege of showing the tournament.Oakwell Sports Advisory partner Andrew Umbers, who advised CVC on its Premiership rugby investment, wrote in the specialist publication SportsPro Media last year that fragmentation of broadcast rights made it harder to engage with fans. The implication is that selling bundled rights for as many rugby competitions as possible would be lucrative. And the shift to online viewing means there are more prospective bidders for rights. The fact that the Six Nations deal might fall apart if the rights are restricted to free-to-air, as the Guardian reported last month, hints at the rationale behind the deal.“The scarce resource in the media industry used to be distribution” because there were a limited number of TV stations, said BCG’s Petranca. “Now there are lots of entry points, and the scarce resource is high quality content.”Still, it’s not as easy as it seems. CVC has picked a vulnerable sport. For the same amount that CVC currently plans to invest in rugby, it would get just 21% of soccer giant Manchester United Plc. That’s because many of the top rugby teams are loss-making and desperate for a Hail Mary. They could use the fund’s cash injection to centralize a lot of functions such as merchandising. American sports leagues like the NFL administer merchandising for all the teams. They have licensed all global rights to SoftBank Group Corp.-backed Fanatics Inc. It’s a similar effect to collective bargaining over TV rights: the top teams might receive less, but the smaller teams receive more, making a bigger pot for everyone. Costs are reduced and revenue increased.Dangers do remain for the sport itself. Yes, moving more content behind a paywall can result in more income, but it could come at the cost of fan exposure and rugby’s long-term health. And the teams must be wary of CVC’s appetite for debt. The reason the fund was able to turn its initial $1 billion cash outlay on F1 into a profit within two years was by saddling the organization with debt and extracting a dividend, Bloomberg News reported in 2016. When it sold control to Liberty Media Corp. that year, half of F1’s $8 billion enterprise value came from its debt pile. Fortunately the rugby teams will still have majority control of each tournament. As long as they coordinate, they’ll be able to fend off CVC’s debtor instincts.That could make it harder for CVC to match its massive F1 returns. It had initially sought a majority stake in the Premiership, but was rebuffed by the clubs. Doing so would have made it easier to load the tournament with debt. There may be the opportunity to do so with the vehicle through which it invests in the sport, but the lack of control makes it a bigger risk. Even so, if CVC can improve merchandising and rake in more broadcast income, then it should make a success of rugby.In the fight for high-quality content, putting money into a tournament might be the best way to stay above the scrum.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Man United 'rebuild' as Champions League absence proves costly
    Reuters

    Man United 'rebuild' as Champions League absence proves costly

    Woodward has been backing United manager Ole Gunnar Solskjaer to forge a team that mixes top talent from around the world with young players from its academy. "We are pushing for a strong finish in the Premier League, the Europa League and the FA Cup as we enter the final third of the season," Woodward said in a statement.

  • Should Manchester United (NYSE:MANU) Be Disappointed With Their 27% Profit?
    Simply Wall St.

    Should Manchester United (NYSE:MANU) Be Disappointed With Their 27% Profit?

    Investors can buy low cost index fund if they want to receive the average market return. But across the board there...

  • Earnings Preview: Manchester United (MANU) Q2 Earnings Expected to Decline
    Zacks

    Earnings Preview: Manchester United (MANU) Q2 Earnings Expected to Decline

    Manchester United (MANU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • CCL vs. MANU: Which Stock Should Value Investors Buy Now?
    Zacks

    CCL vs. MANU: Which Stock Should Value Investors Buy Now?

    CCL vs. MANU: Which Stock Is the Better Value Option?

  • Sky News

    Manchester United fans attack club boss Ed Woodward's home with flares

    Manchester United have condemned an "unwarranted attack" on executive vice-chairman Ed Woodward, after fans were filmed throwing flares at his home. Some of the Old Trafford faithful have been disappointed by the club's performance in the Premier League this season and have been directing their ire towards Mr Woodward, who runs the club day to day. The anger boiled over on Tuesday evening when a group of hooded figures were seen in social media footage chucking red flares over the gate of his home in Cheshire.

  • Leisure & Recreation Services Industry Near-Term Outlook Dull
    Zacks

    Leisure & Recreation Services Industry Near-Term Outlook Dull

    Leisure & Recreation Services Industry Near-Term Outlook Dull

  • Manchester United Is the General Electric of Football
    Bloomberg

    Manchester United Is the General Electric of Football

    (Bloomberg Opinion) -- Manchester United Plc is the General Electric Co. of soccer.Both are storied giants used to dominating their respective fields, who enjoyed their heyday in the 1990s. In Alex Ferguson and Jack Welch respectively, they had dominant leaders who set an all-but-impossible standard to follow (even if there are questions about what they left to their unfortunate successors). And in recent years, both have a track record of poor capital allocation that has seen them underperform their rivals.Where Man Utd has spent hundreds of millions of pounds over the past eight years buying players such as French midfielder Paul Pogba and Belgian attacker Romelu Lukaku, GE went on a spending spree that included the 12.4 billion-euro ($13.8 billion) acquisition of Alstom SA’s power generation business. That deal’s entire value was ultimately written down.When Jeff Immelt took over as GE’s chief executive officer in 2001, it was the biggest company in the S&P 500. Over his 16-year tenure, he spent some $200 billion buying companies, yet shareholders enjoyed annual returns of just 0.5%. In the same period, the S&P 500 was averaging returns of 7.4% a year.Man Utd is much the same. After winning 12 English Premier League titles in 20 years, the club has won just one championship since its 2012 initial public offering. That’s even as it spent a net 740 million pounds ($965 million) through June 2019 buying new players. In the same period, its bitter rival Liverpool FC spent spent less than half that amount, yet was crowned European champion last year and is running away with the Premier League this season.Soccer fans will argue all day that their club owners under-invest in the playing squad to milk the club for cash. Man Utd is owned by the American Glazer family and chants of “Glazers Out” are regularly heard at the team’s Old Trafford stadium. Fans accuse them of leveraging up the club and keeping the IPO proceeds for themselves.The story for investors is just as grim. Since the IPO, Man Utd has returned 5.8% a year. Italy’s Juventus Football Club SpA, Germany’s Borussia Dortmund GmbH and AFC Ajax NV in the Netherlands, all publicly traded, have averaged returns of 22% in the same period.Adding to the ignominy, the consulting firm Deloitte expects revenue at Man Utd, which has long challenged Spain’s Real Madrid and Barcelona for the title of the world’s most valuable soccer team, to fall as much as 11% this year, as failure to qualify for the European Champions League hurts sales. That could allow domestic rivals Manchester City FC and Liverpool to overtake it, knocking the Red Devils off the top spot in England for the first time since Deloitte began its Money League report on soccer 23 years ago.The problem isn’t that Man Utd has skimped on player investment — the numbers show that it hasn’t, at least in recent years. But it has invested poorly. A useful point of comparison is Juventus, which occupies a similar status in Italy, having won more Italian championships, known as Scudettos, than any other team.After the Turin-based club, run by the same Agnelli family that controls Fiat Chrysler Automotive NV, sold Pogba to Man Utd for 89 million pounds, it reinvested the proceeds in a string of players who subsequently led the team to the final of the Champions League, Europe’s top club competition. In the 12 months after Pogba’s departure, Juventus’s share price climbed 141%, although admittedly this was from a very low starting point.Since the Italian team signed Cristiano Ronaldo, a five-time winner of the FIFA Ballon d’Or award for the world’s best player, for 100 million euros in 2018, stock increases have added almost 800 million euros to its market capitalization. That’s a very good return on investment, regardless of how Ronaldo plays.The comforting news for Man Utd is that it differs from GE in one key respect: its problems are easier to solve. In aviation, power generation, and oil and gas equipment, GE makes products for markets that face an extremely uncertain future. The Manchester giant just needs to invest its capital more shrewdly. The best way to do that is to improve its long-term recruitment strategy, and for that it will need more effective management structures in place. Ed Woodward, the club’s executive vice-chairman, is the man in the firing line for increasingly angry fans. Immelt would no doubt commiserate.\--With assistance from Elaine He.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • CCL vs. MANU: Which Stock Is the Better Value Option?
    Zacks

    CCL vs. MANU: Which Stock Is the Better Value Option?

    CCL vs. MANU: Which Stock Is the Better Value Option?

  • Is Manchester United plc (NYSE:MANU) Trading At A 29% Discount?
    Simply Wall St.

    Is Manchester United plc (NYSE:MANU) Trading At A 29% Discount?

    Today we will run through one way of estimating the intrinsic value of Manchester United plc (NYSE:MANU) by projecting...

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