Soccer: McManus purchase could mean shift in power

Manchester United shareholders believe the purchase of a £30m stake in the club by two of Alex Ferguson’s friends could signal a shift in the balance of power at Old Trafford.

Soccer: McManus purchase could mean shift in power
Fri, 20 Jul, 2001 - 07:06

Manchester United shareholders believe the purchase of a £30m stake in the club by two of Alex Ferguson’s friends could signal a shift in the balance of power at Old Trafford.

Irish horseracing magnates JP McManus and John Magnier now own 6.77% of United shares, the second-biggest single holding after BSkyB, which owns 9.9%.

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