Advertisement
A Manchester United banner hangs on the facade of the New York Stock Exchange (file pic). AP/Press Association Images

Man Utd shares jump 6% after manager Moyes booted

Shares of the popular British football team, traded on the New York Stock Exchange, leaped in opening trade and rose to $19.18.

SHARES OF MANCHESTER United jumped six percent Tuesday after the struggling Premier League giant sacked manager David Moyes just 10 months into the job.

Shares of the popular British football team, traded on the New York Stock Exchange, leaped in opening trade and rose to $19.18, before closing at $18.78, their best level since May 2, 2013.

The company announced Moyes’s departure ahead of the market opening, a much-anticipated move after the club’s poor showing this season.

Moyes was recruited to replace legendary manager Alex Ferguson last year, inheriting a team that had romped to the Premier League title — United’s 20th English League crown — by 11 points.

But under Moyes, 50, United have slumped to seventh place in the league table and been eliminated from both domestic cup competitions and the Champions League.

The club’s owners announced that veteran midfielder Ryan Giggs will serve as interim manager while they look for a permanent replacement.

- © AFP, 2014

Moyes will always be ‘incredibly proud’ of having managed Manchester United>

The pros and cons of Manchester United appointing Ryan Giggs as manager>

Author
View 9 comments
Close
9 Comments
    Install the app to use these features.
    Mute Eddie Ryan
    Favourite Eddie Ryan
    Report
    Apr 20th 2016, 8:17 PM

    Fine margins. If the ref had not allowed an extra play, Cork would have been All-Ireland champs in 2013. The 2013 CLare vintage, re-discovered their pulse against KIlkenny last Sunday. Yet Tipperary probobly should have beaten them in Ennis. For the want of a solitary point, many a team perishes. For all the tactics and amazing players, luck plays a huge part also.

    70
    Install the app to use these features.
    Mute An_Beal_Bocht
    Favourite An_Beal_Bocht
    Report
    Apr 20th 2016, 10:17 PM

    Very true Eddie, particularly for knock out cup competitions such as the all ireland, which suggests the league is prob a better gauge of strength in depth of a team over time

    5
    Install the app to use these features.
    Mute Sean O'dowd
    Favourite Sean O'dowd
    Report
    Apr 22nd 2016, 6:02 PM

    Awh ye, blame the poor auld ref lol.. match is never over till the whistle is blown eddie. Anyway we proved who were the real masters in da replay

    1
    Install the app to use these features.
    Mute Showbiz Babyyy
    Favourite Showbiz Babyyy
    Report
    Apr 20th 2016, 6:50 PM

    I’d love a sitcom based on the Cork county board. Frank as a Basil Fawlty type figure

    60
    Install the app to use these features.
    Mute Enda Layng
    Favourite Enda Layng
    Report
    Apr 20th 2016, 8:05 PM

    Unfair on poor Basil !

    41
    Install the app to use these features.
    Mute prop joe
    Favourite prop joe
    Report
    Apr 20th 2016, 7:23 PM

    Cork could have been competitive for a few more years instead fading quickly after 06

    47
    Install the app to use these features.
    Mute Patrick Brennan
    Favourite Patrick Brennan
    Report
    Apr 20th 2016, 7:45 PM

    If my auntie had liathroidi she’d be my uncle

    41
    Install the app to use these features.
    Mute Seamus McSpud
    Favourite Seamus McSpud
    Report
    Apr 20th 2016, 9:13 PM

    Donal Og will get his day in the spotlight this summer. All the shitalk he has been spooning the Cork public and the country in general will be back to haunt him when Clare’s tactics get exposed under pressure.
    A bullshit artist of the highest calibre

    37
    Install the app to use these features.
    Mute An_Beal_Bocht
    Favourite An_Beal_Bocht
    Report
    Apr 20th 2016, 10:20 PM

    Jeez the begrudgery is strong in this one, the man was a very good communicator and analyst on tv, and he now seems to have contributed positively to a previously poisonous team, deal with it

    42
    Install the app to use these features.
    Mute Vincent Wallace
    Favourite Vincent Wallace
    Report
    Apr 20th 2016, 11:53 PM

    Rebels? The only rebel they ever had they shot him!

    17
    Install the app to use these features.
    Mute John Carroll
    Favourite John Carroll
    Report
    Apr 21st 2016, 12:17 AM

    Looks like your a bit of a historian there Vinny and i suppose you know who shot him too?? you little bolox!!!

    12
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.