Is Manchester United a summer buy? [Video]
Manchester United share price gained earlier this week on speculation that the club may be about to be sold. There was a tweet from Al-Watan referring to ‘press reports’ suggesting that a bid for the club from Qatari businessman Sheikh Jassim had achieved ‘success’. However, the tweet did not specify the sources of these reports, and sales of big clubs are notoriously difficult and prone to rumours.
However, something to note is that seasonally Manchester United plc has had a decent summer period. Over the last 10 years, Manchester United plc shares have risen 70% of the time with an average return of over 6%. The largest gain was an outstanding gain of +33%, but 2021 and 2018 were strong months too. Will we see share prices rise again this year?
Major trade risks: The main risk will most likely come if a buyer is not found/pulls out of the deal. Share prices could move significantly lower on that type of news.