Manchester United has appointed Dutchman Louis van Gaal as its new manager on Monday to restore the U.K. soccer club to its former glory a move analysts said could bring stability back to the team and its share price.
Van Gaal replaces David Moyes, the man who took over from Alex Ferguson at the helm of the club when the latter retired.
Moyes was axed after just 10 months in the job after the world's fourth richest club had one of their worst seasons, finishing seventh in the English Premier League, and failing to qualify for the lucrative Champions League tournament. Manchester United expects to take a £35 million ($59 million) hit on its revenues because of this.
United's New York-listed share price has been as volatile as the team's performance, hitting lows of around $14.20 in February and closing at $16.67 after van Gaal's appointment. But analysts said van Gaal, who is currently managing the Dutch national team, could be the big personality needed to whip the club back in to shape.
"He will bring foundation and stability to the club. He will bring some attractive names and attractive football," chief strategist at H2O Markets and an avid Manchester United fan, told CNBC in a phone interview.
"I think Louis van Gaal's probably the right profile, he has a larger-than-life character, very sure of himself, very confident, and won't get swayed by the media. Man United needs a big personality to shake things up."
Van Gaal, 62, has had a long and illustrious career, managing the likes of soccer powerhouses Barcelona and Bayern Munich, and winning major European and club championships.