Nicholas Kitonyi
Research analyst, Growth, value, long/short equity

Manchester United Has Been Overvalued Since Going Public In 2012: It Still Is

The business of football is always about two things; fan base and the success of the club. This is what determines how much a club makes, and how strong its brand is. Now, Manchester United (NYSE:MANU) or "Man United" is one of the most successful sporting clubs in the world, and arguably the most valuable in terms of market valuation. Its value grew tremendously over the last twenty or so years, during which, it collected several trophies.

However, since the beginning of this season, and following the retirement of its iconic manager, Sir Alex Ferguson, Man United has found it difficult to maintain consistent success in its performances. In fact, the club now risks finishing outside of the...

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