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NKE - Manchester United: Relegated Investment Idea Absent A Takeover
Nike Inc.
Thesis
Just months after Manchester United (MANU) filed its August 2012 IPO on the New York Stock Exchange, Alex Ferguson, the team's manager since 1986, retired. Ferguson is considered one of the greatest managers to coach the game and his record of achievement is impeccable.
While Manchester United remains a popular brand in the soccer world, the luster has slowly been decaying in recent years as the club has struggled to find its leadership footing (five managers) in the post-Ferguson era, and, consequently, struggled to find its way on the pitch.