MANU - Manchester United stock jumps premarket on breakaway Super League announcement
Twelve European soccer giants announce plans to for a midweek Super League competition that will rival UEFA's Champions League.AC Milan, Arsenal FC, Atlético de Madrid, Chelsea FC, FC Barcelona, FC Internazionale Milano, Juventus FC, Liverpool FC, Manchester City, Manchester United, Real Madrid CF and Tottenham Hotspur are the founding members and would play in the competition each yearManchester United (MANU) shares are up 7% in premarket trading. Juventus (JVTSF) is up 15% in Milan. Borussia Dortmund (BORUF) is up 10% in Frankfurt, even though it is not a founding member and no German teams are represented.The competition would have 20 teams, with 15 founding members playing and a further five teams qualifying.Former Man United manager Alex Ferguson and former players Gary Neville and Roy Keane have criticized the plans, voicing support for the Champions League."The pandemic has shown that a strategic vision and a sustainable commercial approach are required to enhance value and support for the
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Manchester United stock jumps premarket on breakaway Super League announcement