Melissa Williams89
Member
13 messages
joined Aug 2007
Umbro just dropped a bombshell, claiming that England's failure to qualify for the 2008 European Championship is going to seriously tank their business. It’s already hitting the markets hard—their stock dipped 2.9% today, but the real carnage happened over at Sports Direct International, which saw its value plummet by a staggering 16.9%. As the official kit provider for the England national team, Umbro admitted that jersey sales have been nothing short of pathetic lately. According to their official statement, "The slump in jersey sales throughout 2007, combined with England missing out on the 2008 European Championship in Austria and Switzerland, will inevitably drag down our revenue for this fiscal year."