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#PlaybyPlay: Manchester United @ManUtd Partners with Betting and Gaming Company MoPlay and Columbia Sportswear @Columbia1938 Announces $200 Million Stock Repurchase Approval

Stocks discussed: (NYSE:$MANU) (NasdaqGS: $COLM)

Justin Thomas Wins Bridgestone Invitational, Georgia Hall Wins Women's British Open, Zverev Scores Second Consecutive Victory at Citi Open and Kuznetsova Wins in a Comeback

Play by Play - the latest sports headlines and sports stock news

 

Point Roberts, WA and Delta, BC - August 7, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in investor news and research issues today's edition of Play by Play covering what's new in sports headlines and recent news from publicly traded companies in the sector.

Play by Play - the latest sports headlines and sports stock news

Justin Thomas Wins Bridgestone Invitational, Georgia Hall Wins Women's British Open, Zverev Scores Second Consecutive Victory at Citi Open and Kuznetsova Wins in a Comeback

Justin Thomas won his first World Golf Championship game at the 2018 Bridgestone Invitational on Sunday, finishing with 15 under par. Runner-up Kyle Stanley trailed four with an 11 under par finish. Thomas told CBS Sports what winning with his grandparents present meant to him:

"I'm glad I finally played well around here, just in time for it to leave. I got a little choked up when I saw grandma and grandpa over there. It's really cool. They don't get to come out very often anymore. This is my first PGA Tour win with them here, so it's pretty cool."

English golfer Georgia Hall won the Women's British Open with 17 under par, beating Pornanong Phatlum from Thailand by two shots. Hall told BBC Sport that she would like to inspire young girls to take up golf:

"I couldn't believe so many young girls and boys were watching me, wanting a picture or an autograph," she said. "Hopefully I can encourage a lot of young girls out there to take up the game. I want to be a good role model for young girls in Britain."

Alexander Zverev won his second consecutive Citi Open title on Sunday, beating Alex de Minaur 6-2, 6-4 in the final. Zverev is the first to win back-to-back titles at the Citi Open since Juan Martin del Potro in 2008 and 2009. The Associated Press quotes the tournament's co-founder and chairman Donald Dell on Zverev:

"Sascha Zverev is the future of pro tennis," said tournament co-founder and chairman Donald Dell, using Zverev's nickname. "He's chasing Federer and Nadal for the No. 1 spot."

Russian Svetlana Kuznetsova won the women's singles title, defeating Croatian Donna Vekic in a comeback. Kuznetsova lost the opening set 6-4 to Vekic, but scored a tie-break victory in the second set before winning 6-2 in the final.

Manchester United Partners with Betting and Gaming Company MoPlay and Columbia Sportswear Announces $200 Million Stock Repurchase Approval

Stocks discussed: (NYSE:MANU) (NasdaqGS:COLM)

Manchester United (NYSE:MANU) have announced a multi-year global partnership with mobile betting and gaming brand MoPlay. Richard Arnold, Manchester United's Group Managing Director, commented on the partnership:

"MoPlay are an innovative and dynamic company looking to further enhance our fans' gaming experience. They are an exciting new brand that aims to modernise and improve the betting industry and we are delighted to be part of this journey."

Columbia Sportswear (NasdaqGS:COLM) announced today that its Board of Directors have approved the repurchase of up to an additional $200 million of company common stock in market or negotiated transactions. President and CEO Tim Boyle commented:

"Because of market opportunities we were on a path to exhausting the existing authorization more swiftly than anticipated. Our share repurchase program is an important part of our capital allocation strategy, and we are pleased we have been able to deliver additional returns to shareholders by repurchasing shares in the marketplace. Since 2014, we have repurchased over 3.4 million shares at approximately $58 per share."

Sam Mowers, Investorideas.com

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