Manchester United club value rockets by £212million after Ronaldo return sends share price soaring

MANCHESTER United club's value has rocketed by £212million after Christiano Ronaldo's sensational comeback.

The announcement of the star's return this afternoon has sent the share price soaring by 9.8 per cent.

While the share price opened the day at $17.38 (£12.62) the news of the striker's transfer spiked it at $19.09, (£13.87) meaning the club's market value rose by $293m (£212m).

And although the price fell after the sudden spike, it is still up by more than 6 per cent.

The club announced an agreement with Juventus to seal the transfer, subject to personal terms, a visa, and the completion of the medical after Premier League champions Manchester City pulled out of the running on Friday.

SunSport understands United have handed the five-time Ballon d'Or winner a two-year contract at the Theatre of Dream.

A medical in Lisbon was quickly planned as he flew into the Portuguese capital on his private jet.

Ronaldo penned an emotional goodbye message to Juve fans on Friday afternoon, writing on Instagram: "

"Today I depart from an amazing club, the biggest in Italy and surely one of the biggest in all of Europe.

"I gave my heart and soul for Juventus and I’ll always love the city of Turin until my final days.

"The 'tiffosi bianconeri' always respected me and I tried to thank that respect by fighting for them in every game, every season, every competition.

"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.

"I will always be one of you. You are now part of my history, as I feel that I’m part of yours. Italy, Juve, Turin, tiffosi bianconeri, you’ll always be in my heart."

The rise in the club's value comes as no surprise as shares of the Italian football club had also rocketed by 30 per cent when the Portuguese player joined the team back in 2018.

However briefly, the star's 100-million-euro signing caused Juventus shares to soar about 150 per cent in the first year, reports Yahoo Finance.

In June, the popular striker wiped $4 billion off Coca-Cola's market value after he removed two bottles of coke and told the watching world to 'Drink Water!' during a press conference.

The move made Coca-Cola's share price to drop from $56.10 (£39.80) to $55.22 (£39.19).

At one point during the day 1.6 per cent of the company's value had been wiped off – meaning the market value of Coca-Cola went from $242bn to $238bn – a drop of $4bn (£2.84bn).

    Source: Read Full Article