|Bid||0.00 x 800|
|Ask||0.00 x 1300|
|Day's Range||17.93 - 19.25|
|52 Week Range||12.06 - 19.25|
|Beta (5Y Monthly)||0.86|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 04, 2021|
|Forward Dividend & Yield||0.18 (1.02%)|
|Ex-Dividend Date||Nov 27, 2020|
|1y Target Est||1,371.68|
(Bloomberg) -- Manchester United Plc shares rose to a one-year high amid hopes the soccer team will soon be playing in packed stadiums.The New York-traded shares jumped as much as 6.9% Friday in a sixth-straight day of gains after U.K. Prime Minister Boris Johnson this week announced plans to let as many as 10,000 fans into the country’s largest arenas as early as May 17 and potentially remove all social restrictions by June 21.United’s Old Trafford is among Europe’s biggest soccer stadiums, with a capacity of about 76,000. The company earned about 111 million pounds ($155 million) in matchday revenue in the year ended June 30, 2019, the last full year before the spread of Covid-19 wiped out much of that income.The team, meanwhile, is enjoying one of its most successful seasons in recent years, sitting second behind local rivals Manchester City in the Premier League. And the club learned Friday that it will face Italian giant AC Milan in the next round of the Europa League, the continent’s second-most prestigious knockout tournament.Friday’s gains extend the advance this week about 17%, the most for the shares since March last year, and lifted the stock to highest since Feb. 25, 2020. It’s been a strong week for U.K. travel and leisure stocks more broadly, inspired by the reopening plans, with airline EasyJet Plc and cinema chain Cineworld Group Plc also seeing double-digit percentage gains.Man United is due to report second-quarter results on March 4.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Manchester United Plc (NYSE: MANU), one of the most popular and successful sports teams in the world, playing one of the most popular spectator sports on Earth, today announced that it will report results for the second quarter fiscal 2021 period ended 31 December 2020 on Thursday, 4 March, 2021 at 4:05 PM EST, followed by a conference call at 4:30 PM EST to discuss the results.
Sports franchises being publicly traded entities is rare, but the concept is not entirely new. Several sports franchises are publicly traded in some manner, or are part of a larger company listed on a stock exchange. In recent months, Boston Red Sox and Liverpool FC owner John Henry attempted to make those teams part of a public holding, but the talks fell apart, according to reports.