BlackRock buys 8% stake of Man United's publicly traded stock

US investment firm BlackRock has taken a stake in British football club Manchester United.

BlackRock buys 8% stake of Man United's publicly traded stock

US investment firm BlackRock has taken a stake in British football club Manchester United.

In a filing with the Securities and Exchange Commission today, New York-based BlackRock said it has acquired 3.3 million shares in Manchester United PLC. That gives it an 8% stake in the club’s publicly traded stock.

The English club went public on the New York Stock Exchange last August. The American family which owns the team, the Glazers, maintain control through Class B shares that have 10 times the voting power of the stock sold to the public.

Manchester United is one of the most renowned sports teams in the world and claims 659 million followers.

Its stock has risen about 35% in the past three months.

More in this section

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up