Man Utd see £220M wiped off share value under Moyes

Manchester United’s poor form this season under David Moyes has seen their stock market value drop £220million.

The Telegraph reports United have seen their share price on the New York Stock Exchange drop by more than 12 per cent from £10.68 to £9.36 since Dec 6 – despite the S&P 500 Index on which the club is listed enjoying a two per cent per cent overall rise in that time.

With the total valuation of the club at £1.75 billion on Dec 6, it had dropped to £1.53 billion during morning trading in New York yesterday.

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