There has been no marquee signing, the star player wants out, the manager is disgruntled and the team have made a stuttering start to the Premier League season, yet Manchester United's value off the pitch continues to reach new heights.

The club's share price has hit a new record on the New York Stock Exchange; since the end of July to just after Sunday's defeat by Brighton, shares have gone up nearly 14 per cent to $24 (£18.50).

That places the overall value of the club at a record $4billion (£3.1billion).

Manchester United's value continues to rise – which is a success for Ed Woodward (left)

The value increase comes amid uncertainty off it around Jose Mouinho (left) and Paul Pogba

The news represents success for chief executive Ed Woodward, who has come under fire in recent months for failing to substantially back Jose Mourinho in the transfer market and in turn fuelling speculation the manager is not being considered for the long-term at Old Trafford.

Only on Monday, club legend Gary Neville said on Sky's Monday Night Football: 'If Ed Woodward was going to doubt Jose Mourinho, then the time to be doubting him was last January.

'The minute he gave Jose Mourinho a contract extension — which some would say was unnecessary part-way through a season — he had to then buy him the centre backs. It's been messy these last couple of weeks.'

But off the pitch, Woodward's work continues to reap rewards. Recently, United announced a partnership with whisky brand Chivas and a record shirt-sleeve partnership with Kohler worth around $25million (£19.4m).

United's share prices have continued to rise higher and higher over the last few years

The Glazer family (brothers Joel, left, and Avram pictured) bought United in 2005 for £790m

United also have a 10-year kit deal with adidas worth £1billion and launched an app at the start of the 2018-19 season.

Despite all the commercial success, United last won the Premier League in 2013 and only reached the last-16 of Europe's money-spinning Champions League last season, losing to Sevilla. They also reached the FA Cup final.

United are owned by the Glazer family, who bought the club in 2005 for £790m.