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.
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.”
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.
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.
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