Saturday 21 April 2018

Manchester United share price gains wiped out in an hour

David Moyes is no longer manager of Manchester United
David Moyes is no longer manager of Manchester United

Martyn Ziegler

The sharp rise in the value of Manchester United's shares after David Moyes was sacked was wiped out in the space of an hour when the New York Stock Exchange opened for trading on Wednesday.

United's shares rose to 18.78 US dollars, its highest point since Sir Alex Ferguson's retirement last May, at close of trading on Tuesday.

But within an hour of trading reopening the share value had experienced a slump and was down 6.8 per cent to 17.50 dollars.

Online Editors

Sport Newsletter

The best sport action straight to your inbox every morning.

Editor's Choice

Also in Sport