Manchester United (Man U) is sinking under the management of Ruben Amorim (40).
The British publication 'The Sun' reported on the 23rd (Korean time) that Manchester United's value has fallen by nearly 60% since the arrival of Coach Amorim, and even some club legends are turning their backs.
In fact, Manchester United lost 0-1 to Tottenham in the UEFA Europa League (UEL) final held at San Mames Stadium in Bilbao, Spain, on the 22nd (Korean time).
With this defeat, Manchester United remained as runners-up in the Europa League and failed to secure a ticket to next season's Champions League. This means they have lost their last opportunity for a rebound while sitting at 16th in the league.
Under Amorim, who took office in November last year, Manchester United has achieved only 6 wins in 26 Premier League matches. Moreover, losing to Tottenham in the Europa League final prevented their participation in European competitions, leading to an unavoidable financial loss of $100 million (approximately 185.1 billion won).
Jim Ratcliffe, the owner of INEOS, acquired 27.5% equity in the club for £26 (approximately 48,000 won) per share last February. He paid £1.25 billion (approximately 2.3146 trillion won) for this stake. At that time, Manchester United's value was about £4.54 billion (approximately 8.4067 trillion won).
However, immediately after the Europa League final, the share price of Manchester United on the New York Stock Exchange dropped to around £10 (approximately 18,500 won). The current market capitalization has fallen to £1.87 billion (approximately 3.4633 trillion won), resulting in about £2.6 billion (approximately 4.8153 trillion won) evaporating.
The media noted, "In this situation, the possibility of owner Ratcliffe making additional investments, while planning a £2 billion stadium renovation, seems even more unlikely," and added, "Just from the loss to Tottenham, £125 million (approximately 231.4 billion won) of the club's value has disappeared."
Norman Whiteside's (60) wife, a Manchester United legend, announced that she would not renew her season ticket for next season. Whiteside is from Northern Ireland and experienced two FA Cup victories with Manchester United from 1982 to 1989.
However, Whiteside's wife expressed her dissatisfaction, saying, "I have kept my season ticket for 28 years, but now I wish to stop. The forced seat relocation last season, the lack of attendance that resulted in a red card, and the prohibition of transferring it to family members... I can't take it anymore."
She added, "As a Manchester United fan, I will still watch the games, but there are too many players on this team who show no sincerity even in wearing the uniform."
Nevertheless, Owner Ratcliffe continues to support Coach Amorim. Ratcliffe was seen comforting Coach Amorim by putting a runners-up medal around his neck and hugging him, indicating that he is not considering changing coaches for next season.
Manchester United is expected to prepare for the season finale against Aston Villa. Afterward, the team will embark on a tour of East Asia, which includes Malaysia and Hong Kong, and has plans for a preseason tour in the United States at the end of July.
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