REVEALED - True cost of Louis van Gaal's failings at Man Utd
Louis van Gaal’s failings at Manchester United has seen the club’s value tumble by around £400m since the start of the season, while failure to qualify for the Champions League could cost them more than £20m.
United share price has plummeted on the New York stock exchange since the start of the season, with shares that were trading at $18.37 back in August now worth just $13.83.
There are a variety of reasons for the share dip, but one factor will be the team’s poor performances on the field and the likelihood that they will not be playing Champions League football next season.
Uncertainty over the future of boss Van Gaal will also be a factor, with a managerial change now certain if the club fail to qualify for the Champions League and give up a huge potential revenue from Europe’s elite competition.
Meanwhile, a report suggests that United are set to be ‘punished’ by chief sponsors Adidas if Van Gaal’s side finish outside of the top four places in the Premier League this season.
Under the terms of their £750m sponsorship deal with the sportswear giant, The Independent are claiming that their annual income will dip from £75m-per-year to just £52.5m if they fail to qualify for the Champions League for two successive season.
That could mean a huge dip in revenue if United stick with Van Gaal for the third season of his contract and his team continue to under-perform.
They are figures that serve to pile yet more pressure on Van Gaal, who has remained in place at United despite increasingly vocal protests against his football philosophy that has failed to produce exciting football or positive results in his two years at the club.
Jose Mourinho remains the bookies favourite to succeed Van Gaal at United this summer, but the Dutch tactician has been talking up his hopes of remaining in charge for the third and final year of his contract in recent weeks.
Van Gaal will get what may be his final chance to guide United towards silverware when his side play West Ham in FA Cup quarter-final replay at Upton Park on Wednesday night.