This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
Dublin: 9 °C Wednesday 16 October, 2019

The Glazers' stake in Man United increased in value by $50m after stock exchange rise today

The decision to get rid of van Gaal and the inevitability of Jose Mourinho’s arrival is seemingly good for business.

Image: Associated Press

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.

The42 is on Snapchat! Tap the button below on your phone to add!

Everyone thinks Louis van Gaal was sacked this morning – but Man United have said nothing yet

Paddy Crerand says reporters are ‘guessing’ about those Mourinho/Van Gaal rumours

  • Share on Facebook
  • Email this article

About the author:

Eoin O'Callaghan

Read next: