European soccer club shares jump after Super League announcement
GIANCARLO NAVACH and DANILO MASONI SHARES in English soccer team Manchester United and Italy's Juventus jumped on yesterday after they and 10 other top European clubs announced the formation of a breakaway Super League that could significantly boost revenue for the clubs' wealthy owners. Juventus' share price surged nearly 19% as shareholders cheered the move to set up a rival to UEFA's established Champions League, Europe's most prestigious club competition. Shares in Manchester United rose 9% after opening on the New York Stock Exchange. The Super League, financed by U.S. bank JP Morgan, heralds the prospect of bigger and more…