Manchester United’s shares have soared by 8 percent following the return of Cristiano Ronaldo to the club.
On Friday afternoon, Friday 27, United announced that they have agreed on a deal to bring the 36-year-old back to Old Trafford. This gave a major boost to the shares of United, which is publicly traded in the United States, as reported by CNN.
Ronaldo, who is regarded as one of the greatest players of all time, has 334 million Instagram followers and 93.7 million Twitter followers.
In the two hours after the announcement regarding Ronaldo United saw their amount of Instagram followers rise from 43.1 million to 44.3 million.
Ronaldo enjoyed much success during his first spell at United from 2003 to 2009, winning the Champions League, three Premier League titles, the FA Cup, and the League Cup. He scored 118 goals in 292 games.
United have agreed to pay Juventus an initial fee of £12.8million for Ronaldo plus almost £7million in add-ons.
The Portugal international is expected to sign a two-year contract at United.
Ronaldo had been heavily linked with a move to United’s rivals Manchester City but instead elected to return to his former club.
‘Manchester United is delighted to confirm that the club has reached agreement with Juventus for the transfer of Cristiano Ronaldo, subject to agreement of personal terms, visa and medical,’ the club announced on Friday afternoon.