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MANCHESTER UNITED PLC

(MANU)
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Rangnick named Manchester United interim coach until season's end

11/29/2021 | 07:22am EST

London, Nov 29 (EFE).- Manchester United on Monday appointed Ralf Rangnick as interim head coach until the end of the current season.

The German replaces Ole Gunnar Solskjær, who parted ways with the Premier League club a day after the 4-1 defeat to Watford on November 20.

Rangnick, 63, who was Lokomotiv Moscow's sporting director, will serve the role as interim head coach before taking on an advisory role at the Red Devils for two years, the club said in a statement, without providing further detail.

"I am excited to be joining Manchester United and focused on making this a successful season for the club," Rangnick said in a statement.

"He was our number one candidate for interim manager, reflecting the invaluable leadership and technical skills he will bring from almost four decades of experience in management and coaching," John Murtough, Manchester United football director, said.

Michael Carrick is set to continue at the helm until Rangnick's paperwork and visa are processed, according to the statement.

Carrick led the Red Devils in their 2-0 Champions League win over Villarreal and last week and their 1-1 draw against Premier League leaders Chelsea last night. EFE

© 2021 EFE News Services (U.S.) Inc., source EFE Ingles

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Analyst Recommendations on MANCHESTER UNITED PLC
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Financials
Sales 2022 587 M 791 M 791 M
Net income 2022 -42,0 M -56,6 M -56,6 M
Net Debt 2022 379 M 511 M 511 M
P/E ratio 2022 -38,3x
Yield 2022 1,73%
Capitalization 1 634 M 2 204 M 2 202 M
EV / Sales 2022 3,43x
EV / Sales 2023 3,03x
Nbr of Employees 1 044
Free-Float 25,1%
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 1 002,52 GBX
Average target price 1 435,30 GBX
Spread / Average Target 43,2%
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Managers and Directors
Richard Neil Arnold Group Managing Director & Director
Cliff Baty Chief Financial Officer & Director
Joel Glazer Executive Co-Chairman
Avram A. Glazer Executive Co-Chairman
Robert Mark LeitŃo Independent Director