Irish duo increase stake in Manchester United to 25.5%

THE prospect of Manchester United, the much-loved and much-hated football club, coming under Irish control moved closer yesterday.

Cubic Expression, the investment vehicle owned by horseracing duo John Magnier and JP McManus, told the London stock exchange it had added to its 24.2% stake in the club by buying over three million shares.

Cubic Expression’s 25.5% shareholding is now valued at over stg£170 million (€243 million).