David Moyes Sacked as Manchester United Manager
United shares are back on the rise after a turbulent weekend on the New York Stock Exchange. IBTimes UK

Manchester United's share value is up by 30 cents on yesterday morning, following confirmation that Moyes had been sacked as manager.

The club's shares had dropped by almost 2.5% over the bank holiday weekend after rumours started to gain momentum that the Scotsman was on his way out of Old Trafford, before finally creeping back up towards the end of the day on Bank Holiday Monday.

Confirmation that Moyes had been sacked saw the shares rising. They currently stand at $17.77, up by 30 cents on yesterday morning.

It was reported that shares had been up 6% overall this year, despite a disappointing campaign which has seen the club lose their Premier League crown in disastrous fashion, as well as missing out on next season's Champions League.

Manchester United terminated David Moyes' six-year contract after just 10 months following the defeat to Moyes' former team Everton at the weekend.

Manchester United are on course for their worst league finish for 23 years.

Assistant coach and United stalwart Ryan Giggs is expected to take temporary charge for the Premier League visit of Norwich City this Saturday, alongside Moyes' right-hand man, Phil Neville.