George Soros Takes 7.85% Stake in Manchester United: The Daily EPL
Don’t be surprised if the Manchester United Supporters Trust (MUST) won’t be too happy about the latest move regarding the famous Red Devils club. American businessman George Soros has bought a 7.85% stake in Manchester United. The Hungarian-born billionaire has a net worth of $20 billion.
Here are today’s Premier League news headlines:
- George Soros takes 7.85% stake in Manchester United — The Telegraph
- Tottenham Hotspur defender Sebastien Bassong has agreed to sign for Norwich City — Sky Sports
- West Ham still owe £10m to Sheffield Utd for Carlos Tevez, payable over the next year — Football Economy
- ‘We played around Robin van Persie, we did not use him enough,’ says Fergie — The Independent
- David Silva happy to let Man City sweat in contract renewal discussions — The Telegraph
- Arsene Wenger says Arsenal are looking to bring in a midfielder and a defender — Sky Sports
- NFL vs EPL: Which is more popular on social media? — Mashable
- Emmanuel Adebayor set for Tottenham switch as Fernando Llorente close to move — The Telegraph
- Jose Mourinho hints at Manchester United role — Manchester Evening News
- Sunderland hoping to pip Liverpool to Fulham’s Clint Dempsey — The Daily Mail
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3 Responses to George Soros Takes 7.85% Stake in Manchester United: The Daily EPL
Why won’t MUST be happy about this? You need to explain.
The guy has a very long and (IMO) extremely unethical history of insider trading and manipulating financial markets for his own gain and to the detriment of many, many others. He did inflict something like a 3 billion pound loss upon the Bank of England when shorting the pound back in 1992. Even people sympathetic to Soros’ political views have expressed outrage at some of the guy’s financial machinations over the years.
Also MUST has very bad memories of what happened the last time United floated shares. Which is to say a despicable fraudster in Malcolm Glazer took the opportunity to execute a hostile takeover of the club. The structure of this deal will not allow Glazer to be dispossessed, but adding a viper like Soros to the nest can’t fill anyone with warm and fuzzy feelings.
For his involvement in the Asian Financial Crisis, I despise George Soros with the passion of a million burning suns. To this day I boycott any and all corporations owned by Soros. Fly JetBlue? I’d rather walk.
I did not have much problem with the Glazer ownership, but if Soros increases his United ownership I’d seriously consider supporting another club.