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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.

Sassuolo’s victory over Pescara reversed to 3-0 loss

REGGIO NELL'EMILIA, ITALY - AUGUST 28:  (L-R)  Alessandro Matri of US Sassuolo competes for the ball with Cristiano Biraghi of Pescara Calcio during the Serie A match between US Sassuolo and Pescara Calcio at Mapei Stadium - Citta' del Tricolore on August 28, 2016 in Reggio nell'Emilia, Italy.  (Photo by Pier Marco Tacca/Getty Images)
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MILAN (AP) Sassuolo’s victory over Pescara has been reversed to a 3-0 loss.

Sassuolo won Sunday’s Serie A match 2-1 but the league now says it fielded an ineligible player.

The league says the paperwork for the signing of Antonino Ragusa, who played the final 25 minutes, had not been filed by noon the day before the match – as its rules demand.

Sassuolo says it followed the rules and will appeal.

The club was one of four teams to win both its opening matches, along with Genoa, Juventus and Sampdoria.

Report: Wilshere being chased by at least 22 clubs

Jack Wilshere, Arsenal FC
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Jack Wilshere won’t be with Arsenal following Wednesday’s transfer deadline, however, where the Gunners midfielder lands is yet to be seen.

[ MORE: Is David Luiz poised for a return to Stamford Bridge? ]

According to Daily Mail, as many as 22 clubs are in the mix to acquire Wilshere on loan, including various Premier League sides.

[ MORE: Aguero charged by FA, could be out for Manchester derby ]

While Daily Mail suggests that Crystal Palace is among the leaders to bring in the 24-year-old center midfielder this season, Bournemouth and Watford are also said to be in the mix to sign the playmaker.

Manager Arsene Wenger reportedly won’t allow the Englishman to go to any of the top four sides in England and also hopes that Wilshere lands outside of the UK .

Wilshere is also being chased by foreign clubs including Serie A sides Juventus and Roma.

The Gunners have been active as the deadline heads down its final hours, with Lucas Perez of Deportivo La Coruna and Valencia defender Shkodran Mustafi both joining the club on Tuesday.

Meanwhile, young defender Calum Chambers has joined Middlesbrough on loan and Serge Gnarby is reportedly close to joining Werder Bremen after drawing significant interest from Bundesliga sides.

US women will host Switzerland twice in October

BRASILIA, BRAZIL - AUGUST 12:  Alex Morgan #13 of United States celebrates her goal to tie the game with teammates Mallory Pugh #2, Crystal Dunn #16 and Carli Lloyd #10 in the second half against Sweden during the Women's Football Quarterfinal match at Mane Garrincha Stadium on Day 7 of the Rio 2016 Olympic Games on August 12, 2016 in Brasilia, Brazil.  (Photo by Celso Junior/Getty Images)
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CHICAGO (AP) The U.S. women’s national team will host Switzerland for two matches this October in Minneapolis and Utah.

The matches for the defending World Cup champions are set for Oct. 19 at Rio Tinto Stadium in Sandy, Utah, and at U.S. Bank Stadium in Minneapolis on Oct. 23.

The U.S. team has played Switzerland just twice before, with the Americans winning both matches.

The United States is also facing Thailand on Sept. 15 in Columbus, Ohio, before playing the Netherlands in Atlanta on Sept. 18.

The team will be without goalkeeper Hope Solo, who was suspended from the team for six months following comments she made at the Rio de Janeiro Olympics. The United States was ousted by Sweden in the quarterfinals for the team’s earliest-ever exit at the Olympics.

Report: Florentin Pogba could join brother in Premier League

Florentin Pogba
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Just incase you were unaware, there’s another Pogba. And he too could be playing in the Premier League very soon.

[ MORE: Could David Luiz be making a return to Stamford Bridge? ]

While it was Paul Pogba that stole the spotlight when he returned to Manchester United for a world-record transfer fee, Florentin — his 26-year-old brother — is drawing interest from England’s top flight.

According to the Sun, David Moyes and Sunderland are launching an $8.5 million bid for the St Etienne defender as a potential replacement for Lamine Kone. The Black Cats still anticipate that Kone will exit the Stadium of Light this season after handing in a transfer request earlier this month.

Pogba has played with the Ligue 1 club since 2012 after joining from lower-division club Sedan. Additionally, the centerback has made 13 appearances for Guinea at the international level.