Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

US fund firm buys 2.5% Manchester United stake

US fund firm Baron Capital has bought a quarter of the shares in Manchester United available on the market.

According to an announcement on the Securities and Exchange Commission, Baron owns 9,581,636 shares in Premier League champions representing a 2.5% interest. The position is held through its Baron Focused Growth fund.

The football club’s owners, the Glazer family, only put 10% of shares on the market on its float in 2012.

While Manchester United is struggling to qualify for the Champions League this season and is all but out of the Premier League title race, Baron is excited by the club’s deal with Nike.

A note on the fund firms website said: 'Shares of Manchester United dropped in Q4 due to a delay in the signing of a new global merchandise deal with Nike and the team’s poor performance on the field.

‘The Nike deal is still expected to be signed, but has been pushed out from this fiscal year. We remain positive on the company’s prospects going forward.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter