Jose Mourinho sacked: Manchester Uniteds share price rocketed after Special One’s departure

Jose Mourinho sacked: Manchester Uniteds share price rocketed after Special One’s departure
Manchester Uniteds decision to sack Jose Mourinho saw the clubs 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 clubs worst ever start to a Premier League campaign.2

Jose Mourinho is in danger of losing his job at Manchester United

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).

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MORE:The unwanted history Manchester United made under Jose Mourinho

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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.2

The decision to sack Mourinho was good news for United chiefs and investors

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.

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