Wednesday, August 22, 2012

Billionaire George Soros believes in the bright future of the football club Manchester United

Billionaire George Soros believes in the bright future of the football club Manchester United, which became a public company in the beginning of August.
This was evident from the documents of the Securities Commission (SEC) USA. They imply that the legendary investor acquired 3.1 million shares of Class "A", or 7.85% of all shares of the same type. Soros bought shares of Class "A" are 10 times less voting rights than the Class «B».

The most successful club in the UK has attracted wide-discussed IPO earlier this month, about $ 233 million, Malcolm Glazer, owner of the club, with himself took about half that amount, while keeping total control over the team.
Manchester United c estimate of $ 2.23 billion vozlavil most expensive sports clubs in the world, recently published American Fobrbes. Last year, revenue was Manchester United $ 532 million fan base "Red Devils" around the world more than 600 million people.
Despite this Manchester United shares fell the ten days of the IPO. Quotes sports sector companies, however, are growing. Shares of Nike, the technical sponsor of Manchester United, went up over the last twelve months by 20%.

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