ASRAF - Manchester United and other soccer clubs at risk of more COVID headwinds
Manchester United plc (NYSE:MANU) is down 0.33% on the day and is off right around 5% for the week as the English Premier League continues to cancel more matches due to COVID-19 cases. Four more matches were scratched off the schedule for this weekend due to outbreaks. Some clubs are pushing for a pause in the Premier League season until January 15, which would impact revenue streams. The Roundhill Pro Sports, Media & Apparel ETF (NYSEARCA:MVP) could feel an impact if match cancellations continue for an extended period and extend outside of the UK. Manchester United, Borussia Dortmund (OTCPK:BORUF), Juventus (OTCPK:JVTSF) and A.S. Roma (OTCPK:ASRAF) are four of its top ten holdings in the fund.
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Manchester United and other soccer clubs at risk of more COVID headwinds