United share price rallies despite form

Manchester United's shares rallied on the New York Stock Exchange despite the club's disappointing defeat in the Champions League.

Manchester United

United's 2-0 defeat at Olympiacos 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 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 David Moyes.

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