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Man United sack Van Gaal as Utd shares waver amid Mou rumours

Louis van Gaal has been sacked as manager of Manchester United, several British media outlets reported on Monday, amid speculation he will be replaced by Jose Mourinho.


There has a yet been no official confirmation from United, 20-times English champions, about the position of Van Gaal, who still has a season remaining on his three-year contract.

But James Ducker, the northern football correspondent of Britain’s Daily Telegraph newspaper, tweeted Monday: "Paul Gilroy QC finalising Van Gaal’s severance package now...£5m pay off. Expect an announcement lunchtime."

British media have been awash with reports of van Gaal’s demise, after a leak from an unknown source spread as Manchester United lifted the FA Cup on Saturday.

The Dutchman cryptically commented, "It’s over" as he left the squad’s Cup final hotel on Sunday, but it was not clear whether he was referring to his tenure or United’s season.

However,shares in English soccer giant Manchester United wavered in volatile trading on the Frankfurt Stock Exchange on Monday, following media reports that the club was set to replace its manager with former Chelsea boss Jose Mourinho.

Manchester United’s main stock market listing is in New York , although it has a secondary, and less widely traded, share listing in Frankfurt.

The Premier League club’s Frankfurt-listed shares briefly opened up 2.4 percent, but then slipped back to stand 2.5 percent lower.

Manchester United’s shares closed up 2.4 percent in New York on May 20.

British media reported that Mourinho, 53, would take over at Manchester United even though Dutchman Louis van Gaal, who steered United to an extra-time FA Cup final win over Crystal Palace on Saturday, had a year left on his contract.

Mourinho, sacked by Chelsea in December after his second spell in charge of the west London club, has also managed Porto, Inter Milan and Real Madrid, winning Europe’s premier Champions League tournament with both Porto and Inter Milan.

Manchester United’s main New York-listed shares have fallen by around 6 percent so far in 2016.

Earlier in May, Manchester United reported record third-quarter revenues and higher earnings.

Jimirasire

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