Super League: Shares of Manchester United and Juventus have fallen in the financial markets

Shares of Manchester United and Juventus fell on Tuesday, after the plan to launch 12 major clubs in the European Super League in football faltered due to the strong objection of fans.

On Wall Street, shares of Manchester United, one of the six English clubs withdrawing from the project, fell by 6%, losing most of its profits of about 7% on Monday, hours after the launch of the separatist project from the Champions League.

In Milan, Juventus’s share lost 4.2% of its value, after ending the previous day, at its highest level since September 2020. Then, on Wednesday morning, its decline reached 10.37% (0.728 euros).

"The shares of Juventus and Manchester United were under pressure after yesterday's gains, as it was clear that even among the Premier League clubs, support for the players was tepid at its best," said Michael Howson of CMC Markets, a British financial market services company.

Juventus and United were among the 12 big clubs that tried to launch the defecting Super League to achieve greater financial gains and preserve their economic viability, before the withdrawal of the English clubs and the survival of three clubs from Italy and Spain.

In an interview with La Repubblica newspaper before the withdrawal of the English clubs, Juventus owner Andrea Agnelli, one of the Super League symbols and resigning from the presidency of the European Clubs Association, said, "Between us clubs, there is an agreement in blood, we will advance."

(The project) has a 100% success rate. "

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