Manchester United have a real reason to thank crosstown rivals

11.02.2019 / 21:58

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Manchester United investors have to thank their city rival for the biggest stock leap for more than 2 months after the mad weekend of English football.

The shares of the team jumped 3.6% on Monday after the Red Devils came nearer to the promised land - a place in the top 4, which provides participation in the European Champions League Champions League. This progress is the biggest for the team after the team fired their manager on December 18 after terrifying results.

ManU came fourth in the Premier League after defeating Fulham on Saturday and retained his position after Manchester City wiped out Chelsea on Sunday.

Eventual participation in the Champions League will boost the club's revenue, bringing money and prestige, which can be used to attract strong players through the transfer window. Shares of the team jumped 13 percent from December 17.

United's victory over the weekend was the 8th for 9 matches under the leadership of Ole Gunnar Solskjaer. This strong form shifts the team of 11 points below the top 4 to the highest levels of the Premier League. 12 games remain until the end of the regular season.

If the team can keep their positions in England and perform well in the current Champions League campaign, a strong performance is also expected.

Source: Bloomberg Finance L.P.

Original Post: Man United Stock Surges Most Since Manager's Ouster on City Win
Chart: Used with permission from Bloomberg Finance L.P.

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Manchester United have a real reason to thank crosstown rivals

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