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article imageMan Utd top investor — George Soros buys a chunk of MANU stock

By Lesley Lanir     Aug 21, 2012 in Business
Manchester - George Soros, hedge fund manager, net worth, according to Forbes, of $22 billion, has acquired over 3 million shares of the near 17 million offered by Manchester United, amounting to a 7.85% stake in the British Premier League football club.
In a news release on their website August 8, Manchester United (NYSE: MANU) announced the pricing of its initial public offering of 16,666,667 Class A Ordinary Shares at a price of $14.00 per share.
On Monday, August 20, a stock filing with the SEC, US regulators, described on the MUFC website as "A statement of beneficial ownership of common stock by certain persons" states that Soros Fund Management has acquired almost 8% of the MUFC stock.
Manchester United Logo. Image:
Manchester United Logo. Image:
According to the Financial Times and stock information on the Manchester United official website, MANU shares have fallen slightly from their initial price of $14 a share. The company’s stock closed at $13.06 on Monday, a change of 2.68% on the previous day's close and down a total of nearly 7% since the initial public offering.
The Manchester United stadium
The Manchester United stadium
Photo by Manky Maxblack
For the second time in 16 years yesterday, Man Utd. lost their opening season game. The final score was 1-0 away to Everton. Despite their disappointing start, MUFC have won to date a record 19 English league titles. The Red Devils are the most decorated football club in the history of English football having won 53 domestic trophies and seven international titles. Manchester United are also known to be the most popular football club world-wide with over 300 million followers and close to 140 million fans.
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