Manchester United's value 'falls by 1.6% on New York Stock Exchange'

Manchester United's value on the New York Stock Exchange reportedly drops by 1.6%, despite the acquisition of Juan Mata.

The value of Manchester United has dropped once again on the New York Stock Exchange as uncertainty continues among investors.

The North-West outfit's value has fallen since David Moyes took over from Sir Alex Ferguson in the summer.

Despite the club signing Juan Mata from Chelsea for a club-record fee of £37.1m, the optimism at the club has not been reflected in the stock market.

According to the Daily Mail, United's value on the NYSE fell by another 24 points, which is the equivalent of 1.6%, yesterday.

The market capital of the club has dropped by £394m since the day before Ferguson announced his retirement on May 7 last year.

Manchester Uniteds Scottish manager David Moyes reacts during a League Cup semi-final first leg match between Sunderland and Manchester United on January 7, 2014
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