Financier George Soros revealed a stake in Manchester United on Monday.
Hedge fund titan George Soros's investment firm revealed a stake Monday in Manchester United (MANU), the British soccer team that debuted on the New York Stock Exchange earlier this month. According to a filing with the Securities and Exchange Commission, Soros Fund Management owns 3.1 million Class A shares of the team, a stake worth about $40.7 million at Monday's closing price of $13.06 a share.
Manchester United and its principal owners, the Glazer family, sold 16.6 million shares at $14 apiece in the club's IPO earlier this month, though the stock has fallen 6.7% since then.
Soros's firm now owns 7.85% of the team's Class A shares, though because of ManU's dual-class share structure, the stake equates to just under 2% of the club overall.
The Glazers hold 100% of the team's more powerful Class B shares, which are not publicly traded. They retain complete control in voting matters, thanks to the dual-class stock structure.
Soros is best known for his bold bets in the currency market, including a 1992 trade against the British pound that won him an estimated $1 billion. Last week, he revealed that his firm had purchased 341,000 shares of Facebook (FB) 
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 15,112.19 | 0.00 | 0.00% |
| Nasdaq | 3,443.20 | 0.00 | 0.00% |
| S&P 500 | 1,628.93 | 0.00 | 0.00% |
| Treasuries | 2.31 | 0.00 | 0.00% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Sprint Nextel Corp | 7.00 | -0.32 | -4.37% |
| Pfizer Inc | 29.10 | -0.30 | -1.02% |
| Bank of America Corp... | 13.19 | -0.08 | -0.60% |
| Micron Technology In... | 13.97 | 0.22 | 1.60% |
| General Electric Co | 23.98 | -0.35 | -1.44% |
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 4.05% | 4.05% | |
| 15 yr fixed | 3.15% | 3.18% | |
| 5/1 ARM | 2.87% | 2.85% | |
| 30 yr refi | 4.04% | 4.03% | |
| 15 yr refi | 3.14% | 3.16% |
Today's featured rates:
.
