Manchester United gains 8%, agreeing to deal with Ronaldo in surprise move (updated)

Aug. 27, 2021 11:51 AM ETManchester United plc (MANU)JVTSFBy: Jason Aycock, SA News Editor12 Comments

Cristiano Ronaldo Presents CR7 Fitness Gyms
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  • Updated 11:58 a.m.: Ronaldo has agreed to the deal with Manchester United. He'll sign a two-year deal, ESPN reports. MANU is now up 7.9%.
  • Original item: Manchester United (NYSE:MANU) is up 4.6% alongside the surprise news that the team is now the front-runner for the services of soccer star Cristiano Ronaldo.
  • Ronaldo has been set to leave the Juventus (OTCPK:JVTSF) club before an Aug. 31 transfer window deadline, and multiple reports had him heading to Manchester City, Manchester United's rival.
  • But Man City has decided not to move forward, and Man United is expected to make a move today.
  • Ronaldo left United in 2009 for Real Madrid, in an £80 million deal.
  • ESPN reports that United is now set to pay Juventus' €28 million valuation.
  • Juventus closed up 1.2% in Milan today.

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