I am a Man Utd fan and I am as happy as other fans about the return of Ronaldo.
The investors love it too as Manchester United’s (NYSE:MANU) share price jumped as much as 11% on the day of the announcement (27 Aug 2021) – yes, Manchester United stock has been listed for 9 years if you do not know already. Another fun fact, they had considered listing in Singapore but ended up choosing a U.S. listing instead.
I wrote previously about 11 football clubs that are publicly listed and suggested you should not invest in them.
But with Ronaldo back, should we reconsider this proposition? I’ll dive deeper into the financial statements and answer you. Moreover, we can learn a thing or two about the financial analysis of public companies.
#1 Revenue has been flat for 5 years
Man Utd’s revenue was £516m in 2016 and just £509m in 2020. But let’s give them a chance, considering that 2020 was hit by Covid....