Thursday 6 March 2014

Short Manchester United PLC

If you were as big a fan as I am, you'd know by now how much I want David Moyes out.

From 2013 EPL Champions, to current 7th place, out of the League Cup, FA Cup, and 0-2 down in the 1st leg of the UCL against Olympiakos. SAF's legacy was just to tough to find continuity on.

Nobody foresaw such a monumental plummet and for all the advertising sponsors queuing to jump on the bandwagon of supporting purportedly 650 million fans worldwide, it doesn't take a rocket scientist to know that its revenues will head downwards once the club doesn't make the UCL next season AND spends a bazillion dollars on new players.

The final straw is the poor performances on the pitch, which will likely alienate the club and its fans for some time. This obviously translates to poorer gate receipts less eyeballs globally watching games, and less merchandise purchases. To blame David Moyes or not is a matter of opinion.

At the current prices of $15.23 on the NYSE, this stock is ripe for a short.

Do your own due diligence please.

#moyesout

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