Ferguson's exit affects Man United shares as it goes down [risk of winning!!!]

Shares in Manchester United took a tumble Wednesday after the soccer club's most successful manager said he would retire after 26 years on the job.Sir Alex Ferguson, who has led Manchester United (MANU) to victory in the English Premier League 13 times since its inception in 1992, is stepping down at the end of the month when the season closes.

 "This increases the risk of investing in Manchester United. It's like when Apple (AAPL, Fortune 500) lost Steve Jobs," said sports business expert Emmanuel Hembert from management consultancy A.T. Kearney. "Ferguson is really the key executive that is the core of the business."

Shares in the company, valued at $3 billion, had gained nearly 35% since its New York IPO in August 2012, easily outperforming the benchmark S&P 500 index. They fell as much as 5.5% Wednesday before trimming their losses later in the session to end just 1.8% lower.

The shares have also trounced the STOXX Europe Football index, which tracks other publicly-traded soccer clubs including Italy's Juventus and Germany's Borussia Dortmund. That index has risen by less than 5% over the same period. - CNN