Baron Takes Stake in Manchester United Before Nike DealMark Melin
It was announced today that Baron Capital Management has purchased nearly 25% of the available shares in Manchester United PLC (NYSE:MANU) from the Glazer family.
Baron, a New York-based fund with nearly $16 billion under management, invested in one of sports most popular and enduring brands.
On its website, Baron said: “Manchester United plc is an English Premier League professional sports team that generates revenue from broadcasting, sponsorship, and licensing. Shares of Manchester United dropped in Q4 due to a delay in the signing . . .
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