Reds’ share price hits three-year low

MANCHESTER United’s share price dipped to its lowest level in over three years yesterday after Louis van Gaal’s team slipped further behind their rivals in the hunt for Champions League qualification.

United’s hopes of finishing in the top four took a blow when Diego Costa equalised in stoppage time to snatch a point for Chelsea. United are now six points adrift of the top four with 13 matches left.

The possibility of failing to qualify for the coveted Champions League has clearly concerned investors.

United’s share price dropped from $14.50 (£10.05) to $13.86 (£9.61) yesterday morning - the lowest since December 2012.

Not even during the darkest days of David Moyes’ reign had United’s shares been so low. United’s share price dropped by 2.6 per cent in morning trading in New York climbing back above $14 in the afternoon.

Ed Woodward has secured a remarkable string of commercial deals, most notably the world record £750million kit deal with adidas, but United’s performances on the pitch and their league position are of clear concern to investors.