Share |

Soros’s family office gets hands on Man United shares

Manchester United may have failed to kick off the season with a good start, but the British football club has the backing of one of the US’s best known investors.
Soros’s family office gets hands on Man United shares

Manchester United may have failed to kick off the season with a good start, but the British football club has the backing of one of the US’s best known investors.

George Soros, the billionaire hedge fund manager, has brought almost 8% of the club's listed shares through his family office’s investment arm, Quantum Partners, according to a filing with US regulators.

Soros’s investment makes him one of the team’s biggest backers, after the Glazers – the family which controls the Premier League side.

The Glazer family acquired Manchester United in a controversial buy-out in 2005. After speculation the club’s initial public offering would take place in Asia, the Glazers recently floated a portion of the football side in New York. It is thought the floatation raised about $233 million (€186.6 million).

Soros, who converted his hedge fund into a family office last year, is chairman of Soros Fund Management – although day-to-day investment decisions are handled by his sons.

Manchester United lost their opening game of the season to Everton on 20 August. 

Click here >>
Close