Shares in Italian soccer club Juventus and England's Manchester United jumped on Monday after they and 10 other top European clubs announced the formation of a breakaway Super League. Juventus' share price surged over 12% as shareholders welcomed the move that sets up a rival to UEFA's established Champions League, Europe's most prestigious club competition, and sparks a bitter battle for the sport's lucrative revenues. Shares in England's Manchester United rose 11% in thin pre-market trading ahead of the open of the New York Stock Exchange.
Comments
Post a Comment