Manchester United's stock market value has soared with the arrival of Cristiano Ronaldo.
The Mirror reports Ronaldo's shock return to Manchester United has seen the club's stock market value rocket by £212m at one point on Friday.
On Thursday, it looked inevitable that Ronaldo would ignore his previous loyalties and sign for Manchester City, which would consequently put an end to their search for a striker.
However, over the course of Friday, the tide turned and in a fast-moving deal, Ronaldo was announced as a United player for the second time in his career.
When Ronaldo was announced on United's social channels, share prices in the club rose by a 9.8%.
This morning, United's share prices opened at $17.38 (£12.62) but they soon soared to as high as $19.09 (£13.87), which means that the club's overall market value rose by $293m (£212m).
As many expected, the shares then fell slightly after the initial shock factor passed. However, it is still up by more than 6%.
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