Headlines

Manchester United Stock Price Spikes Over Ronaldo’s Return To Old Trafford

Manchester United’s stock price witnessed a spike today, Friday, as investors and fans celebrated the return of the club’s legend, Cristiano Ronaldo (CR7).

Brand News Nigeria understands that one of the world’s leading football clubs who doubled as the 4th biggest club in the globe with a revenue summing up at $698 million generated in 2020, has experienced a stock price rally over Ronaldo’s comeback after he played for the English’s club for more than a decade ago.

After Man U’s sealed the signing of the world best player with Juventus Football Club, Manchester United’s stock listed on the New York Stock Exchange (NYSE) relished by 5.84% to close the trading season at $18.29 per share on Friday’s transfer. Although, pending agreement of personal terms, visa and medicals, are yet to be concluded. Shares of the Italian football club rose 1.2% on Friday.

Advertisement

Ronaldo posted a video on Instagram announcing his departure from Juventus and thanking the fans for their support. He stated, “In the end, we can all look back and realize that we achieved great things, not all that we wanted, but still, we wrote a pretty beautiful story together.”

His return to Old Trafford comes roughly 12 years after he left the team to play for Real Madrid, 13-time Champions League winners.

Commenting on welcoming Ronaldo back home, Manchester United took to Twitter to welcome Ronaldo back and in a statement saying, “Everyone at the club looks forward to welcoming Cristiano back to Manchester.”

Advertisement

The move came just a day after reports that longtime rival, Manchester City, was the front-runner to sign Ronaldo. The star forward agreed to a 15 million euro deal with a potential for 8 million euro in add-ons over two years, ESPN reported, citing sources.

Christiano Ronaldo

Ronaldo has won the Ballon d’Or, the most prestigious individual award for football players, five times in addition to winning over 30 major trophies in his career. The Portuguese star scored 118 goals in 292 matches for Manchester United.

Facebook Comments
Advertisement
Brand News Day

Recent Posts

Apple Unveils iPhone 17 Air, Slick, Slimmer Than Previous Models (PHOTOS)

Apple Inc is set to present a slimmer iPhone 17 Air model, marking a potential…

2 weeks ago

Six-Year-Old Ella Shoots, Kills American Police Officer In Mother’s Defense

A six-year-old girl, Ella, fatally shot a 28-year-old American police officer last month after witnessing…

2 weeks ago

LIRS Urges Taxpayers To Meet March 31 Deadline For Annual Tax Return Submission

The Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those…

2 weeks ago

Stanbic IBTC Bank Partners Autochek To Boosts Car Ownership, Disburses N4Bn

Stanbic IBTC Bank, a prominent financial institution in Nigeria, has partnered with Autochek, an innovative…

3 weeks ago

Stanbic IBTC PMI®: Output Growth Accelerates To Fastest In Just Over One Year

The headline figure derived from the survey is the Stanbic IBTC PMI® - Purchasing Managers’…

3 weeks ago

Stanbic IBTC Bank Reintroduces Its Private Banking Offerings To Empower Nigerians Build Lasting Wealth

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and a leading financial service solutions…

3 weeks ago

This website uses cookies.