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.
Shares in Manchester United recently hit a record high of $24 on the New York Stock Exchange, the highest price since the club's a year ago IPO. The price reflected the club’s revenues, forecast to be at least £575m ($740m) for Q3 2018.