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Lack of confidence reflected in Manchester United’s low stock price

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There are no voting rights. There aren’t going to be dividends, and the holders aren’t going to wrestle away control of the club. Manchester United stock is all about day trader gambling and fans being part of their team. When the price falls, people are either realizing the stock has no real value or they’re losing confidence in the club.

With Manchester United’s stock hitting a 12-month low on the New York Stock exchange, fans seems to be expressing the latter, the current $15.07 price shaving over $250 million off the club’s overall value (according to The Guardian). After the share’s price reaching its highest point in May, when a $19.04 value coincided with United claiming their 20th first division title, share holders have jumped off the United bandwagon, with the club sitting in seventh place after 21 rounds of the Premier League season.

There are other possible explanations for the sell off. Perhaps, after over a year on the market, the stock’s been found out as less of a stock and more of a glorified fan club membership. In better times, people may be willing to buy into that concept, but as economic recovery continues to be measured in the United States, perhaps people are simply allocating their money elsewhere. Or maybe this is just a natural cycle United’s stock will always endure, dipping in the winter only to rise at the beginnings and ends go each season.

Traded for less than 17 months, the stock doesn’t give us a lot of data to go on, yet there are a couple of pesky coincidences. When Manchester United was doing well, the fans’ mood seemed to be at its highest, as was the stock price. Now, with the Red Devils seventh and fans debating the extent to which David Moyes is contributing to that failure, the stock price is lower than it has been since its initial months of trading.

In August 2012, Manchester United offer shares on the New York Stock Exchange after originally planning to offer shares in Singapore. Ten percent of the club was opened up at $14 per share, with the stock’s price dipping over the next two months. Beginning October 2012, however, the price steadily climbed over the next four months, reaching $18.66 in Feb. 2013. Since, the stock has typically been traded between $15.92 (June 2013) and that February high, until its recent swoon.

On Dec. 6, “MANU” sat at $17.54 per share.  By Dec. 20, it was down to $15.20. In the three weeks they’ve followed, the stock’s shown little sign of recovery, never eclipsing $15.57 since December fall.

Manchester United’s stock holders may just be realizing the limits of their purchase, but for most people, stock ownership isn’t about voting rights and dividends. It’s not even about being fans of the product. It’s about a bet. You just want to make money. Right now, investor confidence appears to be pretty low.

Premier League Preview: Stoke City vs. Manchester United

MANCHESTER, ENGLAND - OCTOBER 02:  Paul Pogba of Manchester United (L) shoots while Erik Pieters of Stoke City (R) attempts to block the shot during the Premier League match between Manchester United and Stoke City at Old Trafford on October 2, 2016 in Manchester, England.  (Photo by Clive Brunskill/Getty Images)
Photo by Clive Brunskill/Getty Images
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  • Man Utd leads all-time 43W-34D-28L
  • Clubs even in last six (2-2-2)
  • Red Devils unbeaten in 16
  • Stoke winners of two-straight

After wins over Sunderland and Watford, Stoke City gets a higher class of opponent on Saturday at the Britannia Stadium (Watch live at 10 a.m. EDT on NBCSN and online via NBCSports.com).

Fortunately for Stoke, it’s had some success against Manchester United in recent years.

Stoke and United drew 1-1 at Old Trafford on Oct. 2, though Jose Mourinho’s Red Devils are flying now. United is hard to break down, and arguably deserved better than the 1-1 draw it earned versus Liverpool last weekend.

Stoke is now 11 points clear of the drop zone, and a win could raise its status to closer to the Top Five than Bottom Three. United, meanwhile, wants three points that would move it to precipice of the Top Four.

 

What they’re saying

Stoke City’s Glenn Whelan on facing United“There has been a wind of change there and the supporters seem a lot happier now and you get the sense that they are together as a group now. You only have to look at the players within the squad, and even the ones who are leaving, to see how much strength in depth they have there.”

Jose Mourinho praises newly-extended Antonio Valencia“I don’t think it is a reward, I don’t see it in this perspective. I just think he is the best right-back you can have. There is no better right-back in football. It is just for us to keep the best. I don’t think it is a reward. It is a privilege for us to have such a good player and such a good man.”

Prediction

United gets it done, only barely. Stoke will put up a brave battle for boss Mark Hughes, but there are too many weapons to suppress. United, 1-0.

AFCON wrap: Results keep Group C undecided

Ivory Coast's Wilfried Bony controls the ball on his head during their training session at the Stade Akoakam, Oyem, Gabon, Tuesday, Jan. 17, 2017, ahead of their African Cup of Nations Group C soccer match against Congo. (AP Photo/Sunday Alamba)
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Like Group A, Group C in the Africa Cup of Nations has very little decided ahead of the final group stage match.

[ MORE: Guardiola “said goodbye to title” ]

Ivory Coast 2-2 DR Congo

A thrilling first half had DR Congo leading 1-0 and 2-1, with only Wilfried Bony netting for the Ivory Coast. Les Elephants grabbed a draw through Serey Die’s 67th minute goal.

DR Congo now leads the group and is primed to advance with a result against Togo or a Morocco loss or draw against Ivory Coast.

Morocco 3-1 Togo

Mathieu Dossevi gave Togo a surprise fifth minute lead lead, but Aziz Bouhaddouz kickstarted the Moroccan attack to plug the victors into Group C’s second spot ahead of a Jan. 24 showdown with Ivory Coast.

Saturday’s matches

Ghana vs. Mali — 11 a.m. ET
Egypt vs. Uganda — 2 p.m. ET

Premier League Preview: Liverpool vs. Swansea City

SWANSEA, WALES - MAY 01:  Jefferson Montero of Swansea City is challenged by Nathaniel Clyne of Liverpool during the Barclays Premier League match between Swansea City and Liverpool at The Liberty Stadium on May 1, 2016 in Swansea, Wales.  (Photo by Steve Bardens/Getty Images)
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  • Liverpool leads all-time 22W-8D-10L
  • Swans lost five-straight at Anfield
  • Reds unbeaten in 7 PL matches

One of the Premier League’s top attacks hosts the division’s leakiest defense, as Liverpool may be licking its chops ahead of a visit from struggling Swansea City on Saturday (Watch live at 7:30 a.m. EDT on NBCSN and online via NBCSports.com).

Liverpool has drawn at Sunderland and Manchester United in its last two Premier League outings, and sits seven points back of leaders Chelsea.

Swansea City has allowed multiple goals in five of six PL matches since beating Sunderland 3-0 on Dec. 10. It’s no surprise that they’ve lost those five (the sixth being a 2-1 win at struggling Crystal Palace).

What they’re saying

Liverpool boss Jurgen Klopp on the match“We’re really looking forward to this game. I don’t know when it happened but in England every game now is like a final. Swansea are trying to survive. I don’t know when the title run-in will start, maybe now and we’re in the race. I hope for a special atmosphere tomorrow.”

Swansea City back Federico Fernandez on Liverpool“They are a team that is very strong going forward and that is shown by the number of goals they have scored. If you lose a little bit of focus against these teams then they have the players that will punish you every time. But it’s not only defending strongly when they are attacking, it is also how we keep hold of the ball and how we use it when in possession.”

Prediction

Swansea boss Paul Clement has his hands full, and is grabbing reinforcements in the transfer window (Luciano Narsingh, Martin Olsson, Tom Carroll). That won’t be enough to handle what Liverpool will dish out Saturday, as the Reds break free with a 3-0 win.

Saints’ Fonte moves to West Ham for $10 million

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West Ham has been linked with big name strikers since the summer, but the Irons’ big January transfer to date is a center back.

EURO champion and Southampton mainstay Jose Fonte is moving to London.

[ MORE: West Brom finally sells Berahino ]

Fonte, 33, makes an approximately $10 million move from the South Coast, where the Portuguese back will better Slaven Bilic‘s back line while forcing Southampton to find an answer alongside Virgil Van Dijk.

It’s been a strange trip to London for Fonte and Southampton, detailed by our own Joe Prince-Wright here. Fonte joined Saints during the 2009-10 season, and became a cult hero at St. Mary’s in helping the club move from League One to the Europa League in just over a half-decade.

Something won’t feel right about seeing Fonte in claret and blue, and Saints host West Ham on Feb. 4. Should be quite interesting.