British billionaire Leon Cooperman buys Manchester United shares
Investor Leon Cooperman, considered one of the prominent wealthy individuals and a former expert in investment fund management, recently acquired a stake in the well-known football club “Manchester United.” The club is on the verge of concluding a competitive share sale cycle that lasted for a whole year.
Topic
the details
The shares purchased by Cooperman, slightly less than a million shares, were announced,
with their market value estimated at around $16.8 million, according to the latest financial disclosures.
According to reports, Cooperman’s net worth is estimated at about $2.6 billion. He is the founder of “Omega Advisors,” an investment fund company based in New York, which he transformed into a family office in 2018.
Last month saw the withdrawal of the Qatari investor alliance led by Sheikh Jassim bin Hamad Al Thani from the bid to purchase “Manchester United,” opening the door for British billionaire Jim Ratcliffe to ultimately become the majority owner of the prestigious club.
the sale process
Over the past year, the sale process of “Manchester United,” initiated by the club’s owners,
the Glazer family, witnessed intense competition reminiscent of crucial moments in the final matches
of the English Premier League or elections for the best football players, rather than being just a commercial deal.
This competition led to sharp fluctuations in the club’s stock price listed on the New York Stock Exchange,
witnessing a 2.3% increase in Tuesday’s trading session.
Recent financial disclosures revealed that several investment funds,
including “Blackbird Asset Management” and “Antara Capital,” have acquired stakes in the club.
British billionaire Leon Cooperman buys Manchester United shares