Man United shares experience surge after Mourinho dismissal
The Manchester club's shares experienced the biggest daily increase on Wall Street in over two years following the sacking of the Portuguese coach.
With more and more football clubs being floated on the global stock market any major news story affecting than clubs in question can have a direct impact with traders as was seen earlier this week when the Juventus shares dropped after the Serie A side drew fancied Atletico Madrid in the 2018/19 Champions League round of 16 draw.
Manchester United are the only European football club listed on the NY Stock Exchange with shares in the club experiencing a sharp increase of 5.78% following the news that Jose Mourinho was sacked as first team coach. This lift constituted a gain totalling 40.53 million dollars (35.5 million euro) which is nearly double the reported pay-off which constituted the severance package that would have been paid to the dismissed coach.
United's shares closed at 17.30 dollars per share on Monday night and at the close of Wall Street on Tuesday night had risen to 18,30$, the highest increase since February 15, 2017.
United's shares peaked last August reaching a value of 23.20 dollars per share and had dropped 34% until the news broke confirming the Mourinho dismissal. Despite the heights of the August 31 price the shares never experienced an increase higher than 1.9%. Before Mourinho joined the Old Trafford outfit, United shares were valued at 16.98 dollars and suffered a meek increase of 0,82% on the day of his unveiling as manager.
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