Super League shares surge 11.34% intraday after European Super League unveils new tournament format and seeks UEFA recognition.

Super League surged 11.34% intraday following the announcement of the European Super League’s new format and its push for official recognition from UEFA after a favorable opinion from the Court of Justice of the European Union (CJEU). The rebranded Unify League, with its three-tier structure and inclusion of top-tier clubs like Real Madrid and Manchester City, signals a strategic reorganization aimed at securing regulatory approval and long-term viability. The news highlights the competition’s potential to disrupt existing European football frameworks, likely boosting investor confidence in the league’s future commercial prospects. Other news items, including developments in women’s leagues and basketball, were unrelated to the stock’s movement.