Manchester United share price drops to lowest level since 2012

Manchester United’s share price has dropped to its lowest level since December 2012.

Shares in the Red Devils were trading for as low as $13.79 (£9.56) on the New York Stock Exchange on Monday morning.

The drop in value comes in the wake of United’s 1-1 draw with Chelsea on Sunday, which sees them sitting six points outside the Premier League’s top four.

The possibility of missing out on a Champions League spot appears to have rattled the club’s investors, despite United’s strong commercial position under executive vice-chairman Ed Woodward.

Woodward will host a conference call with the club’s investors on Thursday following the announcement of the United’s first-quarterly results of 2016.

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