Manchester United

The world’s richest person created a stir in the sports world when he tweeted that he would be buying one of the most valuable and recognizable soccer teams in the world. What Happened: Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk suggested on Twitter Inc. (NYSE: TWTR) Tuesday night that he could...

One of the greatest football (soccer) players of all time has signed an exclusive non-fungible token partnership with a leading cryptocurrency platform. What Happened: Binance has signed Cristiano Ronaldo to a multiyear, exclusive NFT partnership. The company said it will provide fans of Ronaldo a...

The Denver Broncos are breaking records this week off the football field. The National Football League franchise is being sold to an ownership group that includes Rob Walton, one of the heirs of Walmart Inc. (NYSE: WMT), for a reported $4.65 billion. The sale price tops the $2.4 billion price tag...

A leading soccer league has filed several trademarks in the world of cryptocurrency and non-fungible tokens. Here are the details. What Happened: The English Premier League filed for several new trademarks on June 6, according to a report from Decrypt. Trademark attorney Michael Kondoudis shared...

English Premier League powerhouse Chelsea FC is on the sale block as the result of pressure on team owner Roman Abramovich. What Happened: Abramovich said the sale will be completed in “due process.” The owner also said he will not ask for loans he provided to the team to be repaid...

A leading sports apparel company is the latest to end a sponsorship with Russia. What Happened: German company Adidas AG (OTC: ADDYY) announced it has suspended its current uniform deal with the Russian National team. Adidas has partnered with Russia since 2008 and the current deal runs through the...

Soccer powerhouse Manchester United PLC (NYSE: MANU) reported fourth quarter and full fiscal year earnings Tuesday morning. While shares are falling on the report, there could be good news ahead. What Happened: Manchester United reported a 7.3% year-over-year increase for total revenue in the...

Calculating valuations for sports franchises can be difficult. Several media publications provide annual estimates for valuations of sports franchises based on media rights, revenue and operating income. The latest English Premier League valuations from Sportico show a publicly traded team might...

The attempted creation of the Super League by several of the largest soccer teams in Europe has created fan unrest and a divide between owners and their team’s fans. A rise in calls for several of the team’s American owners has risen. What Happened: Daniel Ek, the founder and CEO...

A long-rumored plan to create a Super League for soccer teams has arrived, with Europe's top 12 teams announcing plans to kick off in the 2023-2024 season, which could provide a big revenue win for several soccer teams. What Happened: As of now, the Super League will include...

Sports manager Billy Beane's analytics-based approach of using low-cost players to get wins became the subject of the bestselling book “Moneyball: The Art of Winning an Unfair Game.” Beane is now co-chairman of RedBall Acquisition Corp. (NYSE: RBAC), a sports-based specialty purpose...

Manchester United PLC (NYSE: MANU), arguably the world's most recognizable sports franchise, is a long-term winner, according to Jefferies. The Analyst Jefferies analyst Randal Konik re-assumed coverage of Manchester United with a Buy rating and $26 price target. The Thesis After a four-year...

Chinese investment takeover of the English Premier league may continue. Manchester United PLC (NYSE: MANU) shares were trading higher Monday after a rumors swirling regarding a “mystery” Chinese billionaire inquiring about taking a stake in the franchise. “The talks have not yet...

Nike Inc (NYSE: NKE) has announced a multiyear deal with legendary English football ("soccer") team Chelsea Football Club worth a reported $1.1 billion. Earlier in the year, Chelsea had ended its long-time partnership with adidas AG (ADR) (OTC: ADDYY). Nike is set to be the official apparel...

U.S. stocks rose as earning season unofficially kicked off with Citigroup reporting better than expected earnings. The Dow Jones Industrial average set new intra-day records, hitting an all time high of 17,088.43 as investors appear to be comfortable with holding blue chips instead of...