World Cup fever is spreading throughout North America as the knockout round begins, and the best players from around the globe are putting their club organizations on hold to compete for their countries. But soccer—or football, for readers outside the United States—in Europe is big business, and the English Premier League (EPL) doesn’t stop just because the matches are on hold for six weeks.
One of the EPL’s most storied franchises is also publicly traded on the New York Stock Exchange, and it recently made headlines by inking a new stadium deal. Manchester United plc (NYSE: MANU) is up more than 40% over the last three months, driven by prospects of replacing its historic Old Trafford arena, a potential ownership turnover, and strong earnings in the most recent quarter. But as the traditionally weakest quarter approaches, is it time to sell this rally, or are there more gains ahead?
