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Man Utd share value rises on NYSE despite form woes

Manchester United have enjoyed a rally on the New York Stock Exchange amid rumours over manager David Moyes' future.

United's 2-0 defeat at Olympiacos leaves an uphill task to reach the Champions League quarter-finals but pessimism did not extend to the stock market.

There was an initial drop in the share price when the market opened but it soon rallied and finally closed on Thursday 33 cents up at 14.98 US dollars.

The day's trading followed rumours, which proved to be false, that there would be an imminent announcement on the New York Stock Exchange about the future of United manager Moyes.

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