Fred the Red

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Well the transfer window opened last week with very little fanfare but it seems like we are finally up and running this summer with the breaking news yesterday that Brazil international and Shakhtar Donetsk defensive midfielder Fred (£2.90) looks to have signed for Jose Mourinho and his Manchester United side.

The news was seemingly confirmed by one of Indexers favourite transfer news accounts, that of the journalist, Gianluca Di Marzio. It was just before lunch time when he tweeted that a deal had been agreed between Shakhtar Donetsk and Manchester United for €50 Million and boy did the Index react.

Fred almost instantly rose by £0.31 to highs of £3.00 a share before settling a little lower. The speculation surrounding the Brazilian has been building for some time with his share price gradually building from a low of £2.27 just a month ago. With the defensive midfielder being selected in Tite’s World Cup squad it looks like Fred wants this deal finished early so he can have his full attention on all things Brazil in Russia.

Manchester United have never looked like they were looking for reinforcements anywhere else but in the middle of the park this summer having signed Romelu Lukaku (£4.20) last summer and Alexis Sanchez (£4.17) in January. This has only been exacerbated with the retirement of Michael Carrick and the news that Marouane Fellaini (£0.74) could be leaving.

But could the Red Devils still be interested in another midfielder? Reports yesterday stated that Mourinho and his team had made enquiries for Lazio’s powerhouse midfielder Sergej Milinkovic-Savic (£3.58) but have been quoted an eye watering €100 Million. Perhaps it is this price that has seen them move quickly to capture Fred.

It was little surprise that then that Fred went on to win £0.02 in media dividends later on thanks to the stories and looks well placed to finish in the top three once more today.

Did you get on the Fred news yesterday?


About Author

Introduced to Football INDEX while England were being dumped out of Euro 2016 by Iceland, Jim analyses the market in detail to help Traders enhance their portfolios.

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