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Manchester United shares drop to three-year low after 27 percent slide

The club's financial standing has been hit by a three-month long plummet which has seen the share price dip below its initial flotation level.

Manchester United’s share price has fallen to its lowest value in over three years as a dramatic decline in the club’s Wall Street stock continues.

The club was floated on the New York Stock Exchange (NYSE) in August 2012 with shares offered at $14 each in a move which gave United an overall market value of over $2 billion.

But after peaking at $18.99 in November 2015, the share price has sunk to an unprecedented low, which has mirrored the club’s form on the field.