Baron Capital investment fund acquires 2.5% stake in Manchester United

U.S. investment fund, Baron Capital, has acquired a 2.5% stake in Manchester United (Premier League), indicated a regulatory administrative document filled by the English club on 11/03/2014.

Baron Capital bought 24.1% of the shares listed on the New York Stock Exchange, which represents 2.5% of the total value of Manchester United. The Glazer family, owners of the English club, put a 10% share of the club up for sale in 2012 and therefore still owns 90%.

According to the document provided by Manchester United, Baron Capital now owns 9,581,636 units of the club, for a value of €107.84m ($151m).

• Manchester United was bought in 2005 for £790m (€1.145b at the time) by the American businessman Malcolm Glazer, who also owns the Tampa Bay Buccaneers (an American football team playing in the NFL, National Football League).
  • Manchester United is now led by his sons, Joel and Avram Glazer.
• The operation was conducted in the form of "leveraged buy-out", a transaction where the buyer repays the loan using the benefits acquired from the company.
  • the legal and financial arrangement…