Manchester United’s share price increased by nearly six per cent after Jose Mourinho was sacked as the club’s manager.

The Portuguese’s two-and-a-half-year reign came to an end on Tuesday morning, and share prices in Manchester United plc rose on the New York Stock Exchange later on in the day.

After closing at 17.30 US dollars (£13.65) on Monday, the share price steadily increased to 18.39 (£14.51).

The value of the shares have fluctuated during United’s troubled campaign on the pitch, which sees the club sit sixth in the Premier League, 19 points behind leaders Liverpool.

It peaked at 27.20 dollars (£21.47) on August 27, but fell 22 per cent to 21.12 (£16.67) by October 1.

United’s run of four games unbeaten in the league – from a 3-2 win over Newcastle to a 2-1 win against Bournemouth on November 3 – saw the share price rise before a further decline to a low of 17.25 dollars (£13.64) last week.