Manchester United 'not in breach of New York Stock Exchange rules'

Man Utd 'to avoid investigation'
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Manchester United are reportedly not in breach of New York Stock Exchange rules with regards to the manner in which David Moyes was sacked.

Manchester United have reportedly avoided any kind of investigation into the process of David Moyes's sacking with regards to the rules of the New York Stock Exchange.

It has been claimed that the North-West club need to notify the NYSE before any major changes, but the club announced Moyes's departure to the media before the Stock Exchange opened on Tuesday.

However, the Premier League outfit are believed to have acted within the stock market rules and will not be under investigation, according to Sky Sports News.

The Red Devils' share price rose to its highest figure of 2014 on the day that Moyes was dismissed at Old Trafford.

Ryan Giggs has taken interim charge of the first team until the end of the season.

Danny Welbeck of Manchester United celebrates after scoring during the internationaly friendly match in Hong Kong on July 29, 2013
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