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Manchester United share prices reach record high on NYSE

Manchester United's share price reached a record high on on the New York Stock Exchange on Tuesday, despite the club's recent struggles on the pitch.

United's stock (MANU) reached $24.20 (£18.75), the highest point since the club's initial public offering in 2012 sold 6.6 million shares at $14.

It closed at $23.10 (£17.90) on Tuesday, up 40 percent from a year ago, when shares traded at $16.50.

United set record revenues over £500m the last two years and are on pace for third-quarter results between £575-585m, to be announced in September.

Things are less rosy on the pitch, where United's 3-2 defeat on Brighton on Sunday, and Paul Pogba claiming afterwards that his attitude was not right, has led to debate over who is to blame.

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