Manchester United: Shares rally on New York Stock Exchange despite Olympiakos defeat and rumours of David Moyes exit
United's 2-0 defeat at Olympiakos has put a large question mark over whether the club will progress to the quarter-finals but that pessimism did not extend to the stock market
Thursday 27 February 2014
Manchester United's shares rallied on the New York Stock Exchange despite the club's disappointing defeat in the Champions League and false rumours over David Moyes' future.
United's 2-0 defeat at Olympiakos has put a large question mark over whether the club will progress to the quarter-finals but that 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 made it clear that 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 Olympiakos 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."
Latest in Sport
Robin van Persie to Lekhwiya: Manchester United striker linked with switch to join Michael Laudrup in Qatar
Francis Coquelin: The would-be Zinedine Zidane now making an impression as Arsenal’s Claude Makelele
Jules Bianchi update: Ex-Marussia driver in a 'stagnant' condition as he continues to fight for his life after F1 crash
Premier League 2015/16 kits: Confirmed and rumoured strips from Arsenal, Manchester United, Liverpool, Chelsea and others
Manchester United transfer news: Louis van Gaal turns to Valencia defender Nicolas Otamendi after Mats Hummels delay
- 1 Games of Thrones actor Lena Headey makes emotional promise to her unborn daughter
- 2 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
- 3 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
- 4 Female Muay Thai champion hustles coaches to give them a beating
- 5 Picture of couple posing with beached dolphin 'that later died' causes outrage
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
Report finds that Britain's wages are the most unequal in Europe
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland