Baron Capital are convinced Manchester United represent a good investment.

Baron Capital has been buying up stock and now owns 24 per cent of all the United shares on the New York Stock Exchange that were sold by the Glazer family in 2012, though that still only represents 2.5 per cent of the club.

They say on its website the company remains positive about United's future.

It said: "Shares of Manchester United dropped... due to a delay in the signing of a new global merchandise deal with Nike and the team's poor performance on the field.

"The Nike deal is still expected to be signed, but has been pushed out from this fiscal year. We remain positive on the company's prospects going forward."