New York (AFP)
Shares of Manchester United and Juventus fell after the plan to launch 12 major clubs in the European Super League in football faltered due to strong objection from fans.
On Wall Street, shares of Manchester United, one of the six English clubs withdrawing from the project, fell by 6%, losing most of its profits of about 7% on Monday, hours after the launch of the separatist project from the Champions League.
In Milan, Juventus lost 4.2% of its value, after ending the previous day, at its highest level since September 2020.
“The shares of Juventus and Manchester United came under pressure after Sunday’s gains, as it was clear that even among the Premier League clubs, support for players was tepid at its best,” said Michael Howson of the British financial market services company CMC Markets.
Juventus and United were among the 12 big clubs that tried to launch the defecting Super League to achieve greater financial gains and preserve their economic viability, before the withdrawal of the English clubs and the survival of three clubs from each of Italy and Spain.
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