Previous
VfL Wolfsburg
Bayern Munich
6:30 PM UTC
Game Details
Paris Saint-Germain
Lyon
7:00 PM UTC
Game Details
New York City FC
Montreal Impact
6:00 PM UTC
Game Details
New England Revolution
Toronto FC
11:30 PM UTC
Game Details
Colorado Rapids
LA Galaxy
1:00 AM UTC Aug 2, 2015
Game Details
Arsenal
Chelsea
2:00 PM UTC Aug 2, 2015
Game Details
San Jose Earthquakes
Portland Timbers
ESPN2 9:00 PM UTC Aug 2, 2015
Game Details
Next

LIVE: Van Gaal to sell De Gea to Real

Transfer Talk
Read

S.League: CYL face in-form Young Tigers

S.League
Read

Remy wants to play more

Chelsea
Read

BlackRock firm buys stake in Man United

NEW YORK -- The New York-based investment firm BlackRock has taken an 8.21 percent stake in Manchester United.

In a filing with the Securities and Exchange Commission on Wednesday, BlackRock Inc. said it acquired 3.3 million shares in Manchester United PLC. The club went public on the New York Stock Exchange last August.

The Glazer family, which took control of the team in 2005, maintains control through Class B shares that carry 10 times the voting power of the stock sold to the public. There are 124 million Class B shares and 39 million Class A shares, according to the data provider FactSet.

The family loaded the club with debt following its takeover, but United has paid down 62.6 million pounds ($99 million) of high-interest bonds.

The club's stock has risen about 35 percent in the past three months, closing Wednesday at $16.38.

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.