MANU Stock Recent News

Hedge-fund billionaire Leon Cooperman has taken a stake in iconic English soccer club Manchester United.

Investment banker Micheal Klein is teaming up with Hollywood agent Creative Artists Agency (CAA), according to a Wall Street Journal report, which claims they plan to set up shop for sports and media deal-making. It was expected to position the venture to challenge the Raine Group, the US bank that last year arranged the sale of Chelsea to its new consortium of American investors including Todd Boehly and is currently working on a partial divestment process at Manchester United on behalf of the football club's majority owners the Glazers.

Manchester United are expected to announce billionaire business Jim Ratcliffe has acquired 25% of the Premier League club within two weeks, according to reports. No official timetable has been released, but news agency PA said the formal details might coincide with the next international break in a week's time.

British billionaire Sir Jim Ratcliffe is reportedly close to clinching a deal to become a minority stakeholder in Manchester United.

Managers of major Manchester United Plc (NYSE:MANU) shareholder Lindsell Train say they are unsure if the purported takeover from billionaire Jim Ratcliffe is going ahead or how much it will value the football club. While the purchase of a 25% stake by Ratcliffe and his Ineos chemicals group is reported to value Man United at up to $6.5 billion, Nick Train told the Financial Times he expects the purposrted deal will provide a big boost to the firm's flagship UK fund and investment trust.

Manchester United will receive an additional US$300 million (£245 million) to upgrade its infrastructure from prospective investor Jim Ratcliife, according to reports today. The Ineos owner and billionaire is set to acquire a 25% stake in the Premier League club with details set to be revealed ‘shortly' according to Sky News, but the infrastructure investment will be in addition to this, said the report.

West Ham United owners have put a 10% stake in the club up for sale, testing whether Man Utd's transfer saga has left a sour taste in the mouths of international investors. Vanessa Gold, the daughter of the late businessman and former hammers chair David Gold, is working with bankers to explore the sale of part of the Gold family's 25% stake.

Investors are disappointed that a generous bid for the soccer club from Qatar is off the table, but a deal with British billionaire Jim Ratcliffe promises gains too.

Qatar's Sheikh Jassim bin Hamad al-Thani has withdrawn his bid to buy 100% of Manchester United (MANU). According to a report from Reuters, Ineos Chair Jim Ratcliffe would pay $1.5 billion for a 25% stake in the Premier League club, putting the evaluation of the club at about $6.5 billion.

Jim Ratcliffe, the founder of Ineos and one of Britain's richest businessmen is set to buy Manchester United. Yet, the 70-year Mancunian billionaire is only grabbing 25% of the club, leaving the Glazer family at the helm, despite having come under some criticism over the years for how they've run the United.