THE LEX COLUMN: Man United’s costly losing streak
The football club has seen revenues grow just 1.5% in the year to June 30 and shares are down a quarter since autumn
January is a month for hope, self-improvement and football signings. Manchester United badly needs the first two. It already has an example of the third. It is teaming up with property group Harves to open visitor attractions in three large Chinese cities. The departure in December of the Not-So Special One, team manager José Mourinho, followed some high-profile defeats on the pitch. Those had dire implications for the New York-listed business. An effort to lift commercial sales smacks of a rearguard action. Details are sparse, leaving critics of the club — never in short supply — to guess what the visitor attractions might offer. A hair salon themed around Alex Ferguson, the club’s greatest manager, is one suggestion. Here, visitors could get a trim followed by a loud blow dry. Manchester United has the largest following of any foreign club in China — more than 100-million, according to Mailman Red Card. It has a strong presence online. Adding visitor attractions is unlikely to boo...