Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Manchester United Shares Jumped

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Manchester United (NYSE: MANU  ) , the vaunted English soccer club, jumped as much as 10% today, finishing up 7.6%, after announcing a deal to buy out BSkyB's remaining stake in the team's TV station.

So what: The television network had been originally set up as a three-way joint venture in 1998 between Manchester United, BSkyB, and ITV, another broadcaster. United bought out ITV in 2007 and now has full control over MUTV, which is available in 57 countries. The team claims to have more than 650 million fans around the world. Financial terms were not disclosed.

Now what: Though we don't know how much Man. U paid for control, the purchase seems like a savvy move. Several other sports teams have adopted a similar forward integration strategy recently such as the New York Yankees with its YES network, and MSG, which owns the New York Rangers and Knicks and the eponymous station that broadcasts their games. In England, rival Chelsea bought out BSkyB's stake in its TV business last year. United shares gained steadily throughout the day but spiked around 2 p.m. ET, when a large investor purchased more than 30,000 shares. The stock, which made its debut last August, has been one of the more maligned on the market since going public, but shares are up 20% over the IPO price after today's gain. I wouldn't count out a brand this strong with a truly global following, especially with soccer's growth in China.

Don't miss any of the action on Manchester United. Add the stock to your Watchlist by clicking right here.

Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2209172, ~/Articles/ArticleHandler.aspx, 9/29/2016 4:35:27 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/29/2016 4:02 PM
MANU $16.99 Down -0.32 -1.85%
Manchester United CAPS Rating: *