BlackRock takes stake in Man Utd

Updated: 
Manchester UnitedUS investment firm BlackRock has taken a stake in Manchester United.

In a filing with the Securities and Exchange Commission, New York-based BlackRock said it has acquired 3.3 million shares in Manchester United PLC.


That gives it an 8% stake in the club's publicly traded stock.

The English club went public on the New York Stock Exchange last August.

The American family which owns the team, the Glazers, maintain control through Class B shares that have 10 times the voting power of the stock sold to the public.

Manchester United is one of the most renowned sports teams in the world and claims 659 million followers.

Its stock has risen about 35% in the past three months.

Stock Quotes

Get Stock Quote

Get instant access to free stock quotes of your favorite companies, mutual funds, indexes, bonds, ETFs and other financial assets, as well as news headlines and top-level research information