Manchester United executives and owners ring the opening bell at the NY Stock Exchange

Will Ferguson’s retirement affect United’s finances?

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As the news about Sir Alex Ferguson’s retirement continues to reverberate around the globe, one area many will be looking at is the stock market.

With Manchester United registered on the New York Stock Exchange, the club was obligated to inform the NYSE about Ferguson’s decision to retire, which ultimately led to the news being leaked earlier than the club expected.

The news was actually announced while US markets were closed, but when trading began in New York this morning the club’s shares fell as much as 4.5%.

Since the Glazer family bought United in a controversial deal back in 2005, the debt laden club have soared to success commercially. The value of the Manchester United brand is approximately $3.17 billion. They should survive, with or without Ferguson.

(More: Ferguson retires, who will take his place at Manchester United?)

However recently there has been a concerted effort by the Glazers to drive down debt, with a bond issue in 2010 raising £500m, and a 10% flotation of the club on the New York Stock Exchange raising some £150m, half of that has gone towards reducing debt.

But with Ferguson on the way out and investors watching intently as to who will replace him, should Manchester United fans worry about future financial problems?

Yes and no. On the plus side, when you scroll through Manchester United’s website no fewer than 33 different sponsors appear and commercial revenue is through the roof.

United recently posted their financial results in sales for the third quarter, a record £91.7m ($143m) was generated through sponsorship deals and Champions League revenue. The clubs debt now stands at $571 million, a lot healthier than the $1.11 billion that rose to in 2009.

(More: Stability key to Ferguson’s success at Old Trafford)

But all those numbers don’t mean much, unless you have a winning team.

The Manchester United brand means winning. It has been associated with that since the early 90s, growing up in England during that time period, it seemed like you couldn’t walk down any High Street in the country without the famous “Glory, glory Man United” song blaring out, a Cantona No. 7 shirt being worn and just about every piece of merchandise you can think of adorning their Red Devil mascot.

Fred the Red, as he’s known, gets everywhere.

Sir Alex Ferguson was the main man behind all the on-field success that drove the financial success. Now he is gone, a replacement who can carry on his work seamlessly and without much upheaval is paramount to United’s success as a soccer team, and as a business. Jose Mourinho would ease concerns for United’s financial backers, while David Moyes in charge could send share prices into a spin, as investors panic about the Scotsman’s lack of experience on Europe’s biggest stage.

(More: Moyes to replace Ferguson in next few days?)

We can’t judge United’s commercial success over the next few years. But in 2022 we may look back and point to May 8, 2013, as the day the Manchester United brand started to go downhill.

But with Ferguson’s new role as both a director and ambassador for the club, that’s unlikely to happen. He helped build this club up, almost doubling the capacity of Old Trafford and spreading the club from the red half of Manchester to the far flung corners of the globe.

One final number. In the 1992-93 season Manchester United’s revenue was £25.2 million. During the 2011-12 season, it stood at  £320.3 million. Safe to say that Ferguson has left United in a much better position than when he arrived at Old Trafford in 1986.

Now it’s up to the new guy to carry on his good work.

Report: David Silva out 2-3 weeks with ligament damage

LOGRONO, SPAIN - OCTOBER 09:  David Silva of Spain is fouled by Lars Gerson of Luxembourg during the UEFA EURO 2016 Qualifier group C match between Spain and Luxembourg at Estadio Municipal Las Gaunas on October 9, 2015 in Logrono, Spain.  (Photo by Denis Doyle/Getty Images)
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Despite sitting at the top of the table in the Premier League, things are not going well for Manchester City.

Star striker and leading goalscorer Sergio Aguero suffered a torn hamstring while playing for Argentina, and now he is joined by David Silva on the injured list.

Silva lasted nine minutes in Spain’s EURO qualifying match against Luxembourg, forced off after taking a bad challenge from behind. Silva went down in pain and tried to play on, but asked for a substitution just minutes later.

[ RELATED: Alejandro Bedoya to miss USMNT vs. Mexico ]

Spanish news outlet AS is reporting that Silva has suffered “lateral internal ligament damage in his right ankle,” and could face 2-3 weeks on the sidelines.

With Aguero set to miss at least a month, Silva’s injury could leave Manchester City without two of their top players in the coming weeks.

Silva has arguably been the best player in the Premier League this season, the quarterback of the City attack, which has scored a league-leading 19 goals through eight matches.

City travels to Old Trafford for the Manchester derby on October 25, which falls into that 2-3 week range for Silva’s recovery. In a match that could decide who sits top of the table, Manuel Pellegrini would be very shorthanded without Silva and Aguero.

Alejandro Bedoya to miss USMNT vs. Mexico

GLASGOW,  SCOTLAND - NOVEMBER 15 :  Alejandro Bedoya of USA  in action during the International Friendly match between Scotland and USA at Hampden Park on November 15, 2013.  (Photo by Mark Runnacles/Getty Images)
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Alejandro Bedoya will not feature for the United States in the CONCACAF playoff against Mexico on Saturday, and has been replaced on the roster by Bobby Wood.

Bedoya traveled to Los Angeles from his club team Nantes in France, but Jurgen Klinsmann has announced he will be unable to play after falling ill.

[ FOLLOW: All of PST’s USMNT coverage ]

Without Bedoya, Union Berlin midfielder Bobby Wood has been added to the USMNT side. Wood scored the first two goals of his international career this summer in wins over the Netherlands and Germany, and has scored four goals in ten matches for Union Berlin this season. Wood has been training with the U.S. camp throughout the week for the upcoming friendly against Costa Rica.

Bedoya has played well for the USMNT, discounting his short performance against Brazil in September. In that match, Klinsmann played Bedoya out of position against a potent Brazil attack, and he was substituted before halftime. However, playing in his more natural role as a winger or attacking midfielder, many believed Bedoya could be in line for a start against Mexico.