BlackRock takes stake in Man Utd

By Press Association , Jan 31, 2013
Filed under: Investing

US 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.

Investing

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.

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Tags: football, Investing, investing-stories, manchester united, news, sports

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alan

the most hated club in the uk by far, may be the biggest but with a bully boy manager who has the FA under his thumb.trying to buy the PREM back so you rags dont slag any other teams off about buying the PREM with your earned money this is where your money comes from its not earned by a long chalk.

February 01 2013 at 5:51 AM Report abuse Permalink +1 rate up rate down Reply

2 replies to alan's comment

frankmc55

Man United were a successful club a long time before the Glazers got their filthy mits on them. Having envy as a bedfellow must be tough for you. If you follow a football club and it had been successful over the generations, I doubt you'd bemoan that. Sourpusses like you are 10 a penny so have a great day.

February 01 2013 at 6:34 AM Report abuse Permalink +2 rate up rate down Reply

marlhar

most hated and the biggest fan base in the uk as well as the world. only hated because there team will never be that successful

February 01 2013 at 11:14 AM Report abuse Permalink rate up rate down Reply

leadbettter

IF MAN.U IS SO SUCCESSFUL WHY THEN DO THEY KEEP RUNNING OUT OF MONEY. THESE IDIOT INVESTORS WILL LOSE ALL THERE MONEY IN THIS DEAL MAN. U IS LIKE A SPONGE IT CANNOT LOOK AFTER ITS MONEY WHEN GLAZIER BOUGHT IT IT WAS A HALF A BILLION IN DEBT AND PROBABLY MORE THAN DOUBLE THAT NOW WASTE OF MONEY

February 01 2013 at 1:12 AM Report abuse Permalink -3 rate up rate down Reply

1 reply to leadbettter's comment

DAVE

leadbettter...get your facts straight. United were ione of the most profitable clubs in the world before the Glaziers bought the club. They had to borrow half a billion pounds to buy the club, but were then able to shift that debt onto the club. That's what put them in debt. Please get your facts straight before posting rubbish! You're obviously not a United fan as no proper fan calls the Man U.

February 01 2013 at 4:19 AM Report abuse Permalink +3 rate up rate down Reply

melvynrwatson

What next a Horse racing owner having a steak in a football team, burger me

January 31 2013 at 1:48 PM Report abuse Permalink +1 rate up rate down Reply

llwynmawr

Now there's a thought

January 31 2013 at 1:10 PM Report abuse Permalink +1 rate up rate down Reply

bfritnd

and then there was the big bang...

January 31 2013 at 1:00 PM Report abuse Permalink +1 rate up rate down Reply

fwdinsight

Another company not paying TtAX IN BRITAIN THOUGH MOST OF ITS EAERNING COME FROM HERE.

January 31 2013 at 12:37 PM Report abuse Permalink -5 rate up rate down Reply

phil

Ha!Ha!Ha! And I bet it`s some of the same Yanks that bought the Rams and see where it got them !!!

January 31 2013 at 11:35 AM Report abuse Permalink +2 rate up rate down Reply

zaren

that seem good but man united cant even buy any new good players that they need. seem to me that some fat cats are just getting fatter on a great club , for how long will be great if we keep on using players like giggs and paul scholls even they will stop playing soon then what.

January 31 2013 at 10:04 AM Report abuse Permalink rate up rate down Reply

1 reply to zaren's comment