Manchester United is world’s most valuable sport team

Judging from the recent hapennings, Manchester United has taking over Bacelona to become to the Most valuable sport team.

US billionaire George Soros has bought a stake in Manchester United, the British football club that made its Wall Street debut earlier this month, according to a filing with US regulators on Monday.

Soros’ investment firm bought approximately 3.1 million class A shares, or 7.85 percent of the total Class A shares, a filing with the US Securities and Exchange Commission (SEC) revealed.

manu 300x225 Manchester United is world’s most valuable sport team

That comprises 1.9 percent of Manchester United, when the powerful Class B shares held by members of the Glazer family, who control and direct the club, are taken into account.

Class B shares enjoy 10 times the voting rights in the company as compared with Class A shares.

After an underwhelming initial public offering on August 10, shares in the club finished Monday at $13.06, down 6.7 percent from the IPO price of $14.

Still, the club earned $233 million from the IPO, which valued it at about $2.3 billion, making it the most valuable sports team in the world.

Get free daily email updates!

Follow us!

rss 30×43 Manchester United is world’s most valuable sport team twitter 30×43 Manchester United is world’s most valuable sport team facebook 30×43 Manchester United is world’s most valuable sport team googleplus 30×43 Manchester United is world’s most valuable sport team

About Essien Ekpenyong

Just wanna bring information to your doorstep in this blog. Dekokoblog is the information blog. You get to know a lot of tips, gist etc, You can follow me on Twitter or Facebook. You have tips? Wanna advertize? Contact me Here
Keep it coming. Cheers

Speak Your Mind

*

CommentLuv badge