McManus and Magnier raise their stake in Red Devils

IRISH horse-racing tycoons JP McManus and John Magnier have strengthened their financial grip on Manchester United by increasing their stake in the Premiership champions to 11.4%.

The move comes less than a week after reports that the Irish duo were preparing to offload their massive stake in the club.

McManus and Magnier’s Cubic Expression company has bolstered its £40m (10.37%) stake and now holds 29.6 million shares in the Old Trafford club.