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.

AEK Athens beats Greek league leader Olympiakos 1-0

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ATHENS, Greece (AP) AEK Athens defeated Greek league leader Olympiakos 1-0 in an ill-tempered game on Sunday that saw 12 yellow cards and two dismissals.

[ MORE: Messi brace rescues Barca, Pescara earns second win of season ]

Astrit Ajdarevic scored the only goal in the 34th minute with a free kick that deflected off Olympiakos defender Manuel da Costa.

Olympiakos’ athletic director Francois Modesto was sent to the stands for protesting about the lead-up to AEK’s goal. His team’s central defender Alberto Botia was dismissed after a second yellow card in the 75th for pulling an advancing AEK forward’s jersey.

Despite the defeat, its second of the season, Olympiakos has a 10-point cushion over second-place Panionios, which beat 10-man Iraklis 1-0.

PAOK, a 4-0 winner over Veria, remains in third place, one point ahead of Panathinaikos, which beat Asteras 5-0 on Saturday. AEK is joint fifth with Xanthi.

PSG drops points against Toulouse days after massive UCL win

PARIS, FRANCE - FEBRUARY 14:  Julian Draxler of Paris Saint-Germain looks on during the UEFA Champions League Round of 16 first leg match between Paris Saint-Germain and FC Barcelona at Parc des Princes on February 14, 2017 in Paris, France.  (Photo by Clive Rose/Getty Images)
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Just days after its massive (and somewhat unexpected) beatdown of Barcelona, Paris Saint-Germain failed to close the gap on league leaders Monaco.

[ MORE: Messi brace rescues Barca, Pescara earns second win ]

PSG settled for a 0-0 draw on Sunday at the Parc des Princes against eighth-place Toulouse, leaving the Parisian side three points behind Monaco through 26 rounds of action.

[ MORE: Bielsa returns to Ligue 1 with Lille ]

Despite holding the visitors to just three shots (one on target), Toulouse managed to contain a rampant PSG attack, which posted four goals midweek in their rout of the Blaugrana.

PSG’s first strong chance came in the 14th minute when Lucas Moura’s effort was saved in the bottom corner by goalkeeper Alban Lafont.

Meanwhile, Edinson Cavani may have had the game’s best opportunity to break the deadlock when the Uruguayan attacker struck the post from inside the penalty area.

Unai Emery’s group will be back in action on Feb. 26 when PSG travels to Dimitri Payet and Marseille.

Wenger worried over Sutton’s pitch heading Monday’s clash

SUTTON, GREATER LONDON - FEBRUARY 16:  Pundits Paul Merson (4L) and Matt Le Tissier (2L) take part in a training session alongside Paul Doswell manager of Sutton United (L) and players during a Sutton United FA Cup media day on February 16, 2017 at the Borough Sports Ground in Sutton, Greater London. Sutton United are due to face Arsenal in the Emirates FA Cup Fifth round on 20 February.  (Photo by Ian Walton/Getty Images)
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The story of Monday’s encounter between Arsenal and fifth-division Sutton United will be whether the minnows can overcome the mighty Gunners.

[ MORE: Mourinho pleased with United’s “attitude” against Blackburn ]

However, Arsene Wenger already fears a bigger challenge within the game, one that concerns his players’ safety.

Sutton’s 5,000-seat Gander Green Lane features an artificial surface, which is largely uncommon for English and most European venues regardless of club standing.

“First of all the pitch. Secondly their enthusiasm. Thirdly that we are not ready mentally for a big fight and think subconsciously that it doesn’t matter,” Wenger said ahead of Monday’s FA Cup meeting in South London.

In preparation for their meeting with the U’s, Wenger had his side train on their own indoor artificial field on Friday.

“Look, ideally we would like to play on a normal pitch. Competition is as well to deal with what you face, and we’ll face an unusual pitch and we’ll have to deal with it,” he said.

“We practice inside [on Friday] because we have an artificial pitch. It’s not the same as it’s a dry pitch, and at Sutton I’ve heard that’s a wet pitch, they water it before the game. So it will be much quicker than what we have.”

Leipzig beats ‘Gladbach 2-1, cuts Bayern’s Bundesliga lead

Leipzig's scorer Willi Orban, center, and his teammates celebrate their side's 2nd goal during the German Bundesliga soccer match between RB Leipzig and Hertha BSC Berlin in Leipzig, Germany, Saturday, Dec. 17, 2016. (AP Photo/Michael Sohn)
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BERLIN (AP) Leipzig held on for a 2-1 win at Borussia Moenchengladbach to cut Bayern Munich’s lead in the Bundesliga to five points on Sunday.

[ MORE: Messi rescues Barca, Pescara wins second Serie A match ]

Emil Forsberg scored one and set up another for the promoted side to end its two-game losing streak and stay on course for Champions League qualification with its 14th win of the season.

[ MORE: Bielsa makes Ligue 1 return, joins Lille as new manager ]

`Gladbach `keeper Yann Sommer pulled off a brilliant fingertip save to deny Marcel Sabitzer early on, but he was powerless to stop Forsberg from breaking the deadlock after half an hour played.

Sabitzer and Timo Werner played their way through the static `Gladbach defense and Werner laid the ball off for the Sweden midfielder to fire inside the bottom left corner.

The home side was given a lifeline when Marvin Compper brought down Lars Stindl and referee Felix Zwayer pointed to the spot, but Peter Gulacsi saved Thorgan Hazard‘s penalty before the break.

More poor defending allowed Werner grab the second 10 minutes after the break, firing inside the far post after Forsberg played him through.

Jannik Vestergaard pulled one back with a powerful header from a corner to set up an exciting finale. However, six minutes of injury time were not enough for an equalizer.

Leipzig had kicked off to a chorus of whistles from the home fans, who then mostly stayed silent till the 19th minute in protest against the visiting side. Huge banners in the north stand said “Traditional club since 1900” – an apparent protest against Leipzig, founded in 2009 when Austrian energy-drink billionaire Dietrich Mateschitz rebranded a fifth-tier team with his company’s livery before financing its steady promotion through the lower leagues.

COLOGNE 1, SCHALKE 1

Cologne stopped Schalke’s progress but the point was enough for the visiting side to overtake `Gladbach on goal difference in 10th.

Alessandro Schoepf got the visitors off to a flying start in the second minute with the help of the left post, and Leon Goretzka hit the post after half an hour with the home side still struggling to get into the game.

But Anthony Modeste equalized before the break with a fine strike inside the far post, and might even have scored again just minutes later, when his hesitation allowed Benedikt Hoewedes get back and clear.

Guido Burgstaller came closest to a winner for Schalke in the second half, his shot just wide of the far post after beating the goalkeeper.