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Manchester United plc (NYSE:MANU) could see some trading volatility on Thursday following the soccer club’s Europa League final match against Tottenham Hotspur. While both Manchester United and Tottenham have had dreadful Premier League seasons, the winner of the Europa tournament automatically qualifies for the Champion’s League next season and will see a major financial windfall. There is also extra drama because the loser of the match will not play European soccer at any level next year.
Champions League plays guarantees participants payouts from UEFA and additional money is paid out for every tie and win, as well as a percentage of TV revenue. Teams that advance in the tournament can add to their coffers. Sportico estimated that the winner of the Manchester United-Tottenham game is lined up for at least $100 million in extra revenue.
Last year, publicly traded Manchester United (NYSE:MANU) generated $777.1 million in revenue, which was down from the prior two years. A major consideration with the stock in the past has been the success of the iconic club in the Champion’s League.
Currently, Manchester United (MANU) is favored on DraftKings (DKNG), FanDuel (FLUT), and Bet365 to win the game vs. Tottenham.
Shares of Manchester United (MANU) rose 2.5% in Monday trading to cut into their year-to-date loss of more than 18%.