Love him or hate him, José Mourinho was bad for Man United’s stock
The shares declined 12% in his two-and-a-half years as manager of the English soccer club
Love him or hate him, one thing is undeniable about José Mourinho: he was not good for Manchester United’s stock price. The shares declined 12% in his two-and-a-half years as manager of the English soccer club. Those of Germany’s Borussia Dortmund almost doubled in the same period, while Italy’s Juventus Football Club jumped more than fourfold. The decision to fire him, announced on Tuesday, is more than understandable given what’s at stake, namely qualification for Europe’s lucrative Champions League. Only the top four teams in England’s Premier League can qualify, and United is sitting in sixth place, 11 points below fourth-placed Chelsea. It’s still mathematically possible for the club to secure a place, but Sunday’s 3-1 defeat to Liverpool makes it look increasingly unlikely. A failure to qualify would have significant implications for fiscal 2020 revenue growth. Jefferies analysts estimate United would book about £73m ($93m) of Champions League broadcast revenue this year were ...
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