Major football clubs see their share prices jump on European super league

XTB Analysis Team XTB Poland

With the major breaking news of the creation of a European Super League, the share prices of the respective founding members and speculated members are jumping strongly today. Juventus has seen a 13% rise in their share price to a new six month high whilst Borussia Dortmund shares rose 8% even though the club have confirmed they will not take part. Manchester United shares will be worth a careful watch when trading opens in the US this afternoon but could well follow similar share price moves as Juventus enjoyed in early trading.

It’s clear from the share price rise that investors are cheering the news given the huge monetary numbers involved for participants and given the fact the much needed cash boost comes on the back of a rising debt burden for most of the top clubs. Joining the super league could give the clubs some much needed financial security and this is what investors are focusing on. Of course today’s share price rally could be premature with most football governing bodies seeking to block the move to the european super league.

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XTB Analysis Team

XTB Poland

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