After the breaking news of manager Jose Mourinho’s disengagement as manager of Manchester United, on Tuesday, Frankfurt-listed shares of the English Premier League football club reportedly rose in early deals.
This sharp reaction of the former manager’s exit from the club was an indication that investor welcomed the move after the club’s dismal start to the season.
The stock rose 1.4 percent by 1030 GMT after extending gains following the news.
However, Manchester United primary listing in the U.S. had not yet started trading as at the time of this report.
Following the defeat of the English club by it long time rival, Liverpool 3-1 during an English Premier League encounter, Mourinho was sacked as Manchester United manager on Tuesday.
His departure marked the first time since his days as Uniao de Leiria coach in 2002 that Mourinho has left a club without winning a domestic league title.
The former Chelsea manager gpt Old Trafford’s job, which was perceived to be his dream job.