Man United’s stock is getting a bump after firing their manager following yet another loss
Shares of Manchester United jumped in the premarket after the club sacked manager Erik ten Hag after 2.5 largely unsuccessful years. The stock was up as much as 3.3% ahead of the open, but has since pared some of those gains.
The once dominant squad sank to 14th place (out of 20) in the Premier League after Sunday’s loss to West Ham. Put differently, one could write “shares of Man U up on Diego Dalot missing an absolute sitter.”
The outgoing Dutchman will be replaced his countryman Ruud van Nistelrooy, a storied former striker at the club.
It’s got to be pretty embarrassing when your departure is a reason that the stock price goes up, but ten Hag finds himself in decent company on that front: when legendary manager Jose Mourinho was ousted in December 2018, shares jumped 5.8%. Even in their respective exits, just like their tenures at the Red Devils, Mourinho set a standard that ten Hag could not match.
Disclosure: I am a Man U supporter who thought things would be different this time and feels very, very foolish.
The once dominant squad sank to 14th place (out of 20) in the Premier League after Sunday’s loss to West Ham. Put differently, one could write “shares of Man U up on Diego Dalot missing an absolute sitter.”
The outgoing Dutchman will be replaced his countryman Ruud van Nistelrooy, a storied former striker at the club.
It’s got to be pretty embarrassing when your departure is a reason that the stock price goes up, but ten Hag finds himself in decent company on that front: when legendary manager Jose Mourinho was ousted in December 2018, shares jumped 5.8%. Even in their respective exits, just like their tenures at the Red Devils, Mourinho set a standard that ten Hag could not match.
Disclosure: I am a Man U supporter who thought things would be different this time and feels very, very foolish.
