United shares rally despite rumours

Manchester United's shares rallied on the NYSE despite defeat in the Champions League and rumours over David Moyes' future.

Last Updated: 27/02/14 at 08:20 Post Comment

David Moyes: Position at Manchester United in doubt

David Moyes: Position at Manchester United in doubt

Manchester United's shares rallied on the New York Stock Exchange despite the club's disappointing defeat in the Champions League and rumours over David Moyes' future.

United's 2-0 defeat at Olympiacos leaves an uphill task to reach the quarter-finals but pessimism did not extend to the stock market.

There was an initial drop in the share price when the market opened but it soon rallied and finally closed on Thursday 33 cents up at 14.98 US dollars.

The day's trading followed rumours, which proved to be false, that there would be an imminent announcement on the New York Stock Exchange about the future of United manager Moyes.

The club were baffled by the reports that their manager was set to leave his position - United have always insisted Moyes will be given time to prove that he is the right man to maintain the success delivered by predecessor Sir Alex Ferguson.

Moyes admitted after the Olympiacos match that he could barely identify one of his players who deserved praise.

"You could hardly pick anybody out. We just didn't perform," the Scot said.

Robin van Persie, speaking to Dutch broadcaster NOS after the match, admitted his frustration at the team's lack of consistency.

"We all have to work at it," the former Arsenal striker said. "In some games we do play well but in others we do not. We have not had luck at times.

"I am not going to point the finger at anybody. We need to try and turn it around and we need to take our chances."


New Sky Bet customers: Free matched bet up to £30


Related News

Most Commented

Readers' Comments

W

ow.. ten paragraphs on West Ham in winners sections.. wow.. Its really Christmas time!!!.. Forever blowing bubbles..

metal
Premier League Winners And Losers

A

couple of wins and everything is OK! Sorry you still haven't got a striker who can consistently goals. Keep searching. I don't think Liverpool will make top four not even Europa League this time around.

larrylawrence
Rodgers still targets top four

I

f he can find the right player? Surely the manager of one of Europe's top clubs has a well-researched short-list and has a good idea of who he wants to bring on-board? If I can find the right player sounds like someone going out on Saturday night on the pull, and the nearer you get to midnight the lower your standards drop.

CamberleyGooner
Wenger to buy centre-half

Footer 365

Premier League: Chelsea go three points clear of Man City with 2-0 victory at Stoke

Chelsea will be top of the Premier League table on Christmas Day after beating Stoke 2-0 at the Britannia Stadium.

Italian Super Cup: Napoli beat Juventus 6-5 in penalty shootout after 2-2 draw in Doha

Napoli goalkeeper Rafael was the hero as his side claimed a 6-5 victory on penalties over Juventus in the Italian Super Cup.

Sky Bet Championship: Sami Hyypia quits Brighton after six months in charge

Sami Hyypia has left Brighton after the club accepted his resignation as manager.

Mail Box

Becoming A Proper Fan Again In 2014

Man United fans can thank David Moyes for making them appreciate their club again. We also have mails on Liverpool, Newcastle, another Christmas XI and more...

Wenger Has Made Arsenal Mentally Weak

We have plenty of reaction to yesterday's result, with Mailers sick of Wenger, Mertesacker and Skrtel in particular. Plus why it's not yet time for 'Austin for England'...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property