United shares snapped up by US firm

An American investment firm has acquired a quarter of all Manchester United shares available on the New York Stock Exchange.

Baron Capital has been buying up stock and now owns 24% of all the United shares that were sold by the Glazer family in 2012, though that still only represents 2.5% of the club.

Analysts believe the accumulation of shares reflects the firm viewing United as a good long-term investment, rather than Baron Capital making any bid to secure a controlling interest in the club.