Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Nick Train rides Juventus' Ronaldo rally

Nick Train rides Juventus' Ronaldo rally

Juventus’ Cristiano Ronaldo-powered comeback in the Uefa Champions’ League second round prompted a 23% rally in the Italian football club's share price.

 

Shares in the Turin team fell by 10% in February after it comprehensively lost the first leg to 2-0 away to Atlético Madrid. However, the Portuguese five time world player of the year scored all three goals as Juventus won 3-0 at home last night, turning the tie on its head.

Juventus shares rose 23% from €1.22 at the close on Tuesday to open at €1.59 today, before settling at €1.42. The victory is believed to be worth around €10.5 million (£9 million) in revenue to the company.

Reaching the semi-finals and finals, and ultimately winning the competition, could be worth an extra €31 million.

Nick Train, who is currently Citywire AA-rated, talked about his holdings in Juventus, Manchester United and Celtic last October, saying: 'Sports and entertainment assets remain in a bull market,' he said. 'That which attracts eyeballs to screens is going up in value.'

He added: 'Live sport is the most valuable of all entertainment content, with the ability to lure the biggest and most predictable audiences, and all three have benefited from the continued reappraisal of the value of such content in a landscape increasingly defined by fragmented digital distribution.'

Underlining his support for the sector, he upped his stake in Celtic to 18.4% earlier this month.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

James Bullock
James Bullock
7/483 in Equity - Global (Performance over 3 years) Average Total Return: 83.68%
Michael Lindsell
Michael Lindsell
5/483 in Equity - Global (Performance over 3 years) Average Total Return: 83.68%
Nick Train
Nick Train
6/483 in Equity - Global (Performance over 3 years) Average Total Return: 83.68%
Luigi Degrada
Luigi Degrada
Your Business: Cover Star Club

Profile: Altor's Towry graduates on launching a family business

Profile: Altor's Towry graduates on launching a family business

Altor Wealth Management was launched on of a shared vision to form a family-style company that would charge fairly and differently.

Wealth Manager on Twitter