BlackRock snaps up 8% stake in Manchester United

clock

BlackRock, the world's largest asset manager, has revealed it has taken an 8% stake in football club Manchester United.

The holding of 3.3m shares was revealed in a filing with the US Securities and Exchange Commission on Wednesday. The football club went public on the New York Stock Exchange in August, and its shares have taken off over the past three months, rocketing 35% to stand at its current level of $16.8. That move may have confounded the short sellers who piled into the stock shortly after its IPO: research from Data Explorers conducted last August found that over 8% of the company's stock was out on loan. The club's shares subsequently struggled to make gains in Q3 2012, but now stand 20% ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

IFAs look to boost clients' private markets exposure

IFAs look to boost clients' private markets exposure

Expect increase in stock market volatility

Jen Frost
clock 02 July 2025 • 2 min read
Winds of change: Private markets access for retail investors

Winds of change: Private markets access for retail investors

Investing in LTAFs, accessibility aside, needs careful consideration

Dorian Hughes
clock 02 July 2025 • 5 min read
Stock pickers call for caution over rapid return to US equities

Stock pickers call for caution over rapid return to US equities

Quilter's WealthSelect boosts fixed income and reduces equity exposure

Linus Uhlig
clock 01 July 2025 • 1 min read