Wednesday, 23rd April, 2014



Manchester United's sacking of David Moyes yesterday has seen a sharp rise in the club’s share price on the New York Stock Exchange.

In August 2012, Manchester United made an initial public offering on the New York Stock Exchange and priced its offering at $14 a share.




The share price came down on Monday when reports of uncertainty over Moyes’ future at the club emerged in the media.

When finally it was announced that Moyes had been sacked by the club yesterday, there was a 5.98% rise in the club’s share price from $17.72 to $18.78.

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Manchester United’s performance this season made the investors in the club edgy and a change in guard helped win back some of the confidence that the club lost in the financial market.

Only 5.5% of the club is listed in the NYSE and more than half of it is owned by an American investment firm known as Baron Capital.

Manchester United’s debt, as reported by the club in September last year, stands at £389.2m, costing £71m last year in debt servicing.

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