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Manchester United: BlackRock holds over 8%, stock has gained 20% since August IPO

The share of the US investment fund corresponds to approximately 3,3 million shares of the Red Devils, which entered the financial market 6 months ago with a price of 14 dollars per share, while they now trade at 16,78 dollars.

Manchester United: BlackRock holds over 8%, stock has gained 20% since August IPO

8,21% of the capital of Manchester United, a football club listed on Wall Street since last August 10, belongs to the large American fund BlackRock, according to what they themselves communicated to the SEC (US Consob).

The quota corresponds to approximately 3,3 million shares of the Red Devils, which entered the financial market 6 months ago at a price of 14 dollars per share, while now they trade at 16,78 dollars, therefore equal to an increase of approximately 20 % from quote. Among the shareholders of the group controlled by the Glazer family, who bought the team in 2005 through a leveraged buyout worth about 1,2 billion dollars (the IPO valued the club at about 2,3 billion), there is George Soros who in August last year informed the American Consob that he owns 7,85% of the English football club, equal to 3,1 million shares.

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