Billionaire Soros reveals 2% stake in Man United

Billionaire money manager George Soros reported a nearly 2% stake in Manchester United Plc in one of the first revelations of investors in the British soccer club’s controversial initial public offering earlier this month.

The veteran investor’s eponymous hedge fund, Soros Fund Management LLC, owns 7.85% of Manchester United’s Class A shares, or about 1.9% of the entire club, according to a filing with the US Securities and Exchange Commission.

Manchester United, which went public on Aug 9, priced below its expected range amid broad scepticism concerning the valuation the club’s American owners wanted. It also made the identity of the eventual shareholders a matter of particular interest for other institutional investors.