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Irish businessmen John Magnier and JP McManus have become Manchester
United's biggest shareholders after raising their stake in the club with a major
new investment.
United's biggest shareholders after raising their stake in the club with a major
new investment.
United said in a statement today that the Cubic Expression Company, which
is controlled by racing tycoons Magnier and McManus, now held over 26.9
million shares in the world's richest football club.
is controlled by racing tycoons Magnier and McManus, now held over 26.9
million shares in the world's richest football club.
A Manchester United official said the pair, who are close associates of
manager Sir Alex Ferguson, had raised their stake from 8.65 % to 10.37 %,
fractionally more than BSkyB, the pay television firm owned by media mogul
Rupert Murdoch, which owns 9.9 %.
manager Sir Alex Ferguson, had raised their stake from 8.65 % to 10.37 %,
fractionally more than BSkyB, the pay television firm owned by media mogul
Rupert Murdoch, which owns 9.9 %.
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