Action at English professional football club Manchester United soared to New York on Friday, minutes after news of a deal with Juventus Turin for the transfer of star striker Cristiano Ronaldo was announced.
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Around 7:05 p.m., the title, listed on the New York Stock Exchange since 2012, gained 6.95% to $ 18.48.
It had a time reached 19.15 dollars, its highest level since the beginning of March, up 10.8%.
It's a comeback for the five-time Golden Ball, who already wore the “Red Devils” jersey from 2003 to 2009.
This transfer, evaluated by Italian and British media at around 25 million euros, is a new sign of the ambition of Manchester United, which had already spent, this summer, 125 million euros for the English winger Jadon Sancho (85) and French defender Raphaël Varane (40).
36 years old but still sharp
Party in 2009 at Real Madrid, Cristiano Ronaldo symbolizes a golden era of the Red Devils, who were crowned 13 times champions of England between 1993 and 2013, before starting a crossing of the desert and seeing their rival from Manchester, City, take the ascendancy.
Although no shareholder owns a majority of the capital, Manchester United is controlled by the six children of American businessman Malcolm Glazer, who took control of the company in 2005, before passing away in 2014. Les descendants of Malcolm Glazer have multiple voting shares, which give them the ability to guide the governance of the club.
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In nine years since its IPO, Manchester United's share price has risen by only 36%, while the level of the extended S&P 500 index has tripled over the same period. The club's market cap is roughly $ 3 billion. On the Milan Stock Exchange, the title of Juventus had closed up 1.23%, before the announcement of the transfer of his striker.