Billionaire financier George Soros is getting in on the game, taking a minority stake in soccer club Manchester United.
Soros disclosed in a regulatory filing on Monday that he owns 7.85 percent of Manchester United’s Class A shares. The filing with the U.S. Securities and Exchange Commission was made by Soros’ hedge fund, Soros Fund Management LLC.
The 134-year-old English Premier League soccer club went public on the New York Stock Exchange earlier this month.
While Manchester United has rabid fan support, it did not receive as hearty of a welcome on the public stock market. Its debut over a week ago was considered disappointing, with enthusiasm for the celebrated team overshadowed by its debt load and financial track record.