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Manchester United share price takes biggest one-year tumble

Manchester United, which is listed on the New York Stock Exchange, has lost more than £300m (€339m/$387m) of its value in the last year.

The club’s share price was listed as $18.19 at the start of trading Wednesday down from a high of $27.70 just three months ago according to ESPN.

Forbes has valued the club at £3.75bn making it the most valuable individual team in world sport.

“Our financial strength enables us to continue to attract and retain top players and to invest in our academy,” Manchester United vice-chairman Ed Woodward stated last week in a call with investors.