Manchester United parted ways with its star player Cristiano Ronaldo yesterday, but its investors (and plenty of disgruntled fans) couldn’t be happier. Shares of the fabled soccer club jumped nearly 15 percent on the New York Stock Exchange after its American owners, the Glazer family, said they had hired advisers to find outside investors or sell the team.
The club’s market capitalization hit nearly $2.5 billion following yesterday’s rally. But Forbes has valued Man U, which has an avid global fan base and rich history, at closer to twice that. Fans have been clamoring for a change in ownership for years, as the club hasn’t won a league title since 2013.
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