{"id":84772,"date":"2023-11-15T07:05:10","date_gmt":"2023-11-15T12:05:10","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/hedge-fund-billionaire-leon-cooperman-takes-manchester-united-stake\/"},"modified":"2023-11-15T07:05:11","modified_gmt":"2023-11-15T12:05:11","slug":"hedge-fund-billionaire-leon-cooperman-takes-manchester-united-stake","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=84772","title":{"rendered":"Hedge-fund billionaire Leon Cooperman takes Manchester United stake"},"content":{"rendered":"
\n

Hedge-fund billionaire Leon Cooperman has taken a stake in iconic English soccer club Manchester United.<\/p>\n

Cooperman has opened a new position in Manchester United, purchasing 929,078 shares with a market value of $18,386,454, according to a 13-F filing. <\/p>\n

\n

Shares of operator Manchester United Ltd.
\n MANU,
\n +5.02%<\/bg-quote>
\n rose 4.6% Tuesday, outpacing the S&P 500\u2019s gain of 2%. Manchester United shares have fallen 19.6% in 2023, compared with the S&P 500\u2019s
\n SPX
\n gain of 17.2%.<\/p>\n

Related:<\/strong> Jim Ratcliffe close to Manchester United minority deal, report says<\/p>\n

Manchester United\u2019s ownership remains firmly in the spotlight, with British billionaire Jim Ratcliffe reportedly close to clinching a deal to become a minority stakeholder in the club.\u00a0Last week the BBC reported\u00a0that Ratcliffe\u2019s deal could be agreed on during this month\u2019s international break, when the Premier League takes a brief hiatus, and could be announced as early as this week. Ratcliffe, who is the chief executive of the chemical giant Ineos, is expected to pay around $1.52 billion for a 25% stake in Manchester United, the BBC reports.<\/p>\n

Ratcliffe had been locked in a takeover battle with Qatar\u2019s Sheikh Jassim to wrest control of Manchester United from the American Glazer family, who have owned the club\u00a0since 2005. In September, Bloomberg reported that Ratcliffe was restructuring his bid in an attempt to break the deadlock in the takeover battle.<\/p>\n

In November 2022, the Glazers\u00a0confirmed\u00a0they were exploring potential financial investment in, or an outright sale of, the Premier League club.<\/p>\n

Also read:<\/strong> Hedge-fund billionaire Leon Cooperman doesn\u2019t see S&P 500 above 4,600. Here\u2019s what he\u2019s investing in.<\/strong><\/p>\n

Manchester United defeated Luton Town 1-0 on Saturday. The team currently sits in sixth place in the Premier League.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hedge-fund billionaire Leon Cooperman has taken a stake in iconic English soccer club Manchester United. Cooperman has opened a new position in Manchester United, purchasing 929,078 shares with a market value of $18,386,454, according to a 13-F filing. Shares of operator Manchester United Ltd. MANU, +5.02% rose 4.6% Tuesday, outpacing the S&P 500\u2019s gain of […]<\/p>\n","protected":false},"author":1,"featured_media":84773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-84772","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nHedge-fund billionaire Leon Cooperman takes Manchester United stake | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Hedge-fund billionaire Leon Cooperman has taken a stake in iconic English soccer club Manchester United. 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