The Premier League club’s value increased by nearly six per cent on Tuesday – an estimated £120million
Manchester United’s decision to sack Jose Mourinho saw the club’s share price increase by almost six per cent – nearly £120million – on Tuesday.
The Portuguese’s two-and-a-half-year Old Trafford reign came to an end after a 3-1 defeat to Liverpool confirmed the club’s worst ever start to a Premier League campaign.
And, later on Tuesday, share prices in Manchester United plc rose on the New York Stock Exchange.
After closing at $17.30 (£13.65) on Monday, the share price steadily increased to $18.39 (£14.51).
The value of the shares have fluctuated during United’s troubled campaign on the pitch, which sees the club sit sixth in the Premier League, 19 points behind leaders Liverpool and 11 points outside the top four.
Manchester United plc has lost more than a third of its total value since August – around $1billion or £800,000.
It peaked at $27.20 dollars (£21.47) on August 27 – valuing the club at $3.1billion – but fell 22 per cent to 21.12 (£16.67) by October 1.
United’s run of four games unbeaten in the league – from a 3-2 win over Newcastle to a 2-1 win against Bournemouth on November 3 – saw the share price rise before a further decline to a low of 17.25 dollars (£13.64) last week.