Condemnation Of The European Super League Makes Man United Shares Decline 6.0 Percent, Juventus 4.2 Percent

JAKARTA - The share prices of Manchester United and Juventus on Tuesday plunged after the European Super League plan was now on the verge of collapse following criticism and strong reaction from fans.

On Wall Street, Manchester United shares fell 6.0 percent, reversing most of the gains that reached nearly 7 percent on Monday, April 19, or the day after the European Super League was formed Sunday, April 18.

Meanwhile, in Milan, Juventus' share price fell 4.2 percent after closing the previous day at its highest level since September 2020.

The two teams are among the big European clubs that have initiated the European Super League competition which guarantees its initiators billions of dollars in rewards.

However, the plan actually drew anger from various parties, including fans, football authorities to the head of state.

The fate of the European Super League is now even more threatened after all English clubs today announced their resignation from the competition against the Champions League.

The European Super League now only leaves three Italian clubs, namely AC Milan, Inter Milan, and Juventus as well as the Spanish teams, Atletico Madrid, Barcelona, and Real Madrid, whose president Florentino Perez is appointed as chairman.

Despite the chaos, United States investment bank JP Morgan, as project funding support, announced on Monday that nothing would change about its plans.