Soccer giant Manchester United's stock just tanked after it suffered a final-quarter loss
Manchester United's stock tanked about 4% on Tuesday after it reported a net loss of $27.7 million in the fourth quarter. The British soccer club struggled on the pitch last season, failing to gain a spot in the coveted Champions League competition. Manchester United's global brand has historically allowed it to underperform on the field while still performing financially, making the loss a tough pill to swallow for investors.
Manchester United's stock tanked about 4% on Tuesday after it reported a net loss of $27.7 million in the fourth quarter. The British soccer club struggled on the pitch last season, failing to gain a spot in the coveted Champions League competition. Manchester United's global brand has historically allowed it to underperform on the field while still performing financially, making the loss a tough pill to swallow for investors.
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