Date: 7th February 2001

Britain's Top Soccer Club And N.Y. Yankees Team Up

Manchester United, Britain's biggest soccer team, which trades on the London stock exchange, and the New York Yankees are expected to announce a global alliance in New York today (Wednesday) that would, in part, call for the creation of a new worldwide cable/satellite network, the London Daily Mail reported. Reports about the potential deal sent shares in Manchester United soaring in early trading -- up more than 10 percent over Tuesday's close.

Source: Studio Briefing