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MANCHESTER UNITED PLC

(MANU)
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Manchester United : Man Utd confirm Ronaldo return in £13m deadline-day transfer

08/31/2021 | 05:21am EDT

Cristiano Ronaldo has officially completed his return to Manchester United from Juventus on transfer deadline day for an initial fee of €15m (£13m).

The Italian club confirmed the terms of the blockbusting transfer this morning. The fee could rise to €23m if Ronaldo and United hit certain targets.

United announced the completion of the deal shortly afterwards. The transfer deadline for Premier League clubs is tonight at 11pm.

Five-time Ballon d’Or winner Ronaldo, 36, spend six years at Old Trafford, scoring 118 in 292 games, before joining Real Madrid in 2009.

He helped the Spanish giants win four Champions League titles before moving to Juventus in 2018 for €100m.

The Portuguese won two Italian league titles in Turin but did not turn the club into European champions as hoped.

Manchester City emerged as favourites to sign Ronaldo last week after it emerged that he wanted to leave Juventus.

But United instead moved to agree a deal with Juventus, who were demanding a fee to release Ronaldo from the final year of his contract.

The club announced an agreement with Juventus on Friday afternoon but only announced completion of the formalities of the move on transfer deadline day.

Ronaldo said: “I cannot wait to play at Old Trafford in front of a full stadium and see all the fans again.

“I’m looking forward to joining up with the team after the international games, and I hope we have a very successful season ahead.”

United fans celebrated the imminent return of Ronaldo by taking a cardboard cut-out of the player to Sunday’s win over Wolverhampton Wanderers.

He is likely to make his second debut for United on 11 September against Newcastle United.

The post Cristiano Ronaldo completes Manchester United return for initial fee of £13m appeared first on CityAM.

© City AM, source Newspaper

Stocks mentioned in the article
ChangeLast1st jan.
JUVENTUS FOOTBALL CLUB S.P.A. -0.21% 0.723 Delayed Quote.-11.06%
MANCHESTER UNITED PLC -0.36% 16.57 Delayed Quote.-1.02%
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Financials
Sales 2022 603 M 832 M 832 M
Net income 2022 -34,3 M -47,4 M -47,4 M
Net Debt 2022 349 M 482 M 482 M
P/E ratio 2022 -56,5x
Yield 2022 1,44%
Capitalization 1 958 M 2 701 M 2 701 M
EV / Sales 2022 3,83x
EV / Sales 2023 3,46x
Nbr of Employees 983
Free-Float 24,1%
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 1 201,38 GBX
Average target price 1 461,63 GBX
Spread / Average Target 21,7%
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Managers and Directors
Richard Neil Arnold Group Managing Director & Director
Cliff Baty Chief Financial Officer & Director
Joel Glazer Executive Co-Chairman
Avram A. Glazer Executive Co-Chairman
Robert Mark Leitão Independent Director
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