Man Utd 'baffled' by reports of David Moyes' exit

David Moyes's United side managed only two shots on target during their loss at Olympiacos. Credit: Empics

David Moyes remains the manager of Manchester United, despite speculation to the contrary.

Rumours of an imminent announcement on the New York Stock Exchange spread on social media, with the suggestion it would state that Moyes was to leave the club following Tuesday night's 2-0 defeat to Olympiacos in the Champions League.

The odds on Moyes being the next Barclays Premier League manager to leave his post shortened dramatically, but Press Association Sport understands the Scot is still very much in charge.

United are baffled by the reports that their manager was set to leave his position.

The club have always made it clear that Moyes will be given time to prove that he is the right man to maintain the success delivered by predecessor Sir Alex Ferguson.