Magnier, McManus increase stake in United

JOHN MAGNIER and JP McManus increased their stake in Manchester United just a week after reports said they were preparing to dispose their entire holding.

A short statement from Manchester United last night said that Cubic Expressions, the Virgin Islands-registered company they own, had increased its holding in the club form 10.37% to 11.4%.

The club did not say how much they spent raising their stake or when the purchase took place.