Billionaires George Soros Buy Stocks MU

New York -born US Millionaire George Soros buys stake in soccer club come from United Kingdom Manchester United (MU), which has been listed on the stock on Wall Street earlier this month.

Purchase of shares by Soros is revealed THY based on capital market regulators AS quoted from AFP, Tuesday (9/8/2012).

Soros bought the shares through his investment company in THY. Stocks Soros is THY purchased class A shares as much as 3.1 million pieces. In other words, Soros had 7,85% shares of class A Club nicknamed "Red Devil ' this '.

While the family as principal owner of MU Glazer, who holds shares of class B have the right voting 10 times larger than class A shares.

After the IPO on August 10, 2012, the shares closed yesterday at THY price US $ 13.06 per sheet, down 6.7% from the original price of US $ 14 per sheet.

But still, YOU get US $ 233 million from the IPO, which caused MU is currently valued at US $ 2.3 billion, making it the most valuable football team in the world.

As known, sold its shares as much as THY 16.7 million shares at a price of US $ 14 per sheet.

Glazer previously berupanya notes to Exchange, Singapore stock MU and Hong Kong but cancelled because it did not have the blessing of the local capital market authority. New York Stock Exchange became the port Club.

As demand weakened, management also cut its sales target of 16.7 million IPO be sheet with price range

US $ 16-US $ 20 per sheet. The Club had hoped the funds could reduce debt results IPOS are currently reaching US $ 664 million per March 2012.

(Jim/dnl)