Nick Train: Lacklustre Manchester United still has 'trophy value'

United’s share price remains down 23.3%

Manchester United “will always have meaningful trophy value”, despite a difficult season on and off the pitch for the European footballing giant, Nick Train told Lindsell Train investment trust investors on Friday (13 November).

Train said while he had "little useful to say about the great issues of our day", he lamented the "poor" share price performance of sports franchises held by the trust, Finsbury Growth & Income, and the firm's UK and global funds. Among these brands is Manchester Utd, a position which Train initially purchased in 2017 and has since added to. United's share price remains down 23.3% for the year as coronavirus continues to hamper revenues, with fans banned from attending Old Trafford for the foreseeable future. Under manager Ole Gunnar Solskjær, the club has also endured a difficult ...