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SBD Global/September 5, 2012/Finance
Analysts Expect The Shares Of Manchester United To Rise To $17 Over The Next Year
Published September 5, 2012
QUESTIONS LINGER: In N.Y., Alexandra Scaggs reported that stock analysts covering Manchester United Ltd. "share a key worry" with the English football club's fans: "Will the team win?" Analysts pointed out that fans "are more likely to watch a team's games and buy its tickets if it wins, making success a key driver of revenue." Credit Suisse Analyst Spencer Wang said, "On-field performance is a swing factor." Bank of America Merill Lynch Analyst Bryan Goldberg said that "profit could rise 15% if the team wins a championship but could fall 9% if it does not" (WALL STREET JOURNAL, 9/4).