Bad news at Manchester United again

Manchester United's share prices dropped dramatically once again on Monday as faith in executive-vice chairman Ed Woodward and manager Louis van Gaal to halt the club's on-field slide continues to fade.

Shares in Manchester United PLC started at $14.50 when the New York Stock Exchange opened at 9.30am, but within a matter of hours had fallen to $13.92.

That meant around $82MILLION was wiped off the club's overall value during the day as shares dropped over 2 per cent.

During the day, however, the shares rallied and were back at $14.27 by 4pm New York time.

Over the last three months, United's market value has suffered a spectacular decline - and as the club struggles to secure Champions League football, it shows no sign of abating.

After hitting $18.99 on November 12 2015, almost 20 per cent of the value has been wiped out in the months since

That's helped drag United's value below $2.3billion and has seen almost $830million wiped off the club's value since the peak on November 12.

Shares have proven somewhat volatile over the last five years, dropping to a low of $12.25 in October 2012, but peaking at $19.35 on July 25, 2014 - during the early days of Van Gaal's reign.

Now as pressure continues to swirl around Van Gaal's future, Woodward is set to face some big questions when quizzed by investors in a conference call this Thursday.