Ronaldo adds £550m to Man Utd share value in just weeks

Manchester United striker, Cristiano Ronaldo, has added millions to the club’s share price since his return to the club in August.

Ronaldo and fans returning to Old Trafford has helped add £550 million to United’s value in just 54 days.

According to The Sun reports on August 4, the share price was down at £11.70 with a market value for the club of £1.91bn but had risen to £12.72 and £2.08bn respectively by August 26.

However, 24 hours later after the bombshell news, the price bumped right up to £13.46, an increase of more than a whole dollar in the US, and the market value to £2.19bn.

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And since then, there has been an upward rise in the value of the shares to a peak of £15.09 by September 27 – or a £2.46bn market value, up £550m in 54 days.

From August 4 to September 27, the overall increase was 29 percent, with 11 percent in the last three weeks – boosted by the relatively positive financial reports the club released.