LOUIS VAN GAAL’s imminent departure from Manchester United has seen a sizable bump in the club’s performance on the New York Stock Exchange.
Within minutes of the NYSE opening this morning, United’s shares rose by over 4% at one stage – to a value of $17.50 – before plateauing.
It’s currently at a price of $17.20.
The movement in United’s value has been especially good for the Glazer family, who own the club.
The decision to get rid of van Gaal and the inevitability of Jose Mourinho’s arrival, has see their share in the club increase by around $50m.
You would expect that any formal declaration regarding the Dutchman’s exit and ‘The Special One’s’ appointment will impact positively on United’s share price.
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