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Manchester United’s stock tanked about 4% on Tuesday after it reported a net loss of $27.7 million (£22.2 million) in the fourth quarter.
The British soccer club struggled on the pitch last season, failing to gain a spot in the coveted Champions League competition.
Manchester United’s global brand has historically allowed it to underperform on the field while still performing financially, making the loss a tough pill to swallow for investors.
The group’s share price has plunged about 31% in the last 12 months.
Watch Manchester United trade live.
Manchester United’s stock tanked about 4% on Tuesday after it
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