MANCHESTER UNITED may have to wait until tomorrow to sack Ole Gunnar Solskjaer, in order to inform the New York Stock Exchange.
Red Devils chiefs have decided to axe the Norwegian, with the decision having already been made.
But when the sacking will be formally announced is still up in the air.
Man United decided to float on the New York Stock Exchange in 2012, in order to try and tackle mounting debt.
Speaking after David Moyes’ 2014 Old Trafford sacking, financial expert James Igoe told the MEN that United have to ‘inform the NYSE about material changes to the business’.
The club are not understood to have been in breach of any rules.
But with the New York Stock Exchange not re-opening until 9:30am local time tomorrow, 1:30pm UK time, United may be forced to wait before sacking Solskjaer, so that they can first inform the NYSE of their decision.
Seismic changes like a managerial switch can cause wild fluctuations in a club’s share price – as was seen when Jose Mourinho was sacked in 2018.
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The Portuguese was axed on a Tuesday morning, at 4:45am local time in New York.
The day before his axing, one share in the club was worth 17.34 USD, but by the time they opened for business following Mourinho’s sacking, this price had risen to 17.78 USD.
Similarly when Moyes was sacked, the price soared from 17.72 USD to 18.60 USD.
Man United’s board met at 7pm last night to discuss sacking Solskjaer, following the abysmal 4-1 defeat to Watford.
Darren Fletcher and Michael Carrick are reportedly ready to take interim charge, as club chiefs try and convince Zinedine Zidane to move to Old Trafford.
A glum-looking Solskjaer drove home last night having said his goodbyes to Man United stars.
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