Live Bar February 27th According to Bloomberg, Manchester United's shares on the New York Stock Exchange rose 6.9 percentage points this Friday, rising for six consecutive days, and the stock price has reached its highest point in nearly a year.
British Prime Minister Johnson recently announced that the British government plans to allow large stadiums across the UK to enter up to 10,000 fans to watch the game as early as May 17, and may remove all social distancing restrictions on June 21.
Manchester United's Old Trafford Stadium is one of the largest stadiums in Europe with a capacity of 76,000 people. In the season ending on May 30, 2019 (the last full season with fans participating, normally ending), the club's game-day revenue reached £111 million (US$155 million). Manchester United has also begun to recover in competitive results in the past two years. Currently, it is only behind , Manchester City in the league standings, and , UEFA Cup advances to the top 16 and will face another giant AC Milan. The series of favorable factors in
have brought Manchester United's share price gains on the New York Stock Exchange this week to about 17%, the highest since March last year and pushed the share price to its highest level since February 25, 2020. Encouraged by the reopening plan, UK travel and leisure stocks have also performed strongly this week, with EasyJet and cinema chain Cineworld Group also achieving double-digit gains.
Manchester United will announce its second quarter financial report on March 4.
(Cosimo)
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