American billionaire Leon Cooperman has sparked confusion among Manchester United supporters by buying almost a million shares in the club.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Sir Jim Ratcliffe is expected to be announced as a minority owner in the next fortnight, when his £1.4bn investment is ratified.
The billionaire’s move is with a view to taking full control of the club over the long-term, but the Glazers will retain control until that point.
However, Cooperman has spent almost £15m in buying one million shares in the last week.
While that’s a relatively small amount in the grand scheme of things, it raises confusion about the Glazers’ short-term goals.
The Americans have full control of the club in this moment in time, but only around 70% of shares.
It could be that their decision to sell more shares raises the possibility that they are slowly extracting themselves from the club.
Cooperman’s wealth stands at around £2bn, and United’s share price rose on the news that he has invested in the club.
MORE : Shaun Murphy blasts Stephen Hendry for ‘really poor’ punditry attitude
For more stories like this, check our sport page.
Follow Metro Sport for the latest news on
Facebook, Twitter and Instagram.
Share your story or advertise with us: Whatsapp: +2347068606071 Email: info@newspotng.com
