Manchester United Stock Puts Price on Leadership

Manchester United, the world's second most valuable sports franchise, showed the importance of strong leadership when it fired a defeatist manager and saw its stock price leap.
David Moyes was fired as manager of Manchester United, four games before the end of the club’s worst Premier League season in years. Photographer: Michael Regan/Getty Images

Manchester United isn't just a soccer club: It is the second most valuable sports team in the world and a rare sports franchise to have had the courage to list on a U.S. stock exchange. The club's share price is near its peak after the firing of manager David Moyes, showing just how important the leader's personality can be to the value of a business.

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