Did You Know Who Owns Manchester United?

Did You Know Who Owns Manchester United?

To find the root of success, you have to follow success. The old Trafford club is one such example of a success. Its massive reign over the recent past has prompted many to ask, who owns Manchester United fc?

Did You Know Who Owns Manchester United?

Manchester united football club is an English professional club that plays in the premier league.

Currently managed by Jose Mourinho, the club has set milestones in its growth. Mourinho led Manchester united to a Europa final against Ajax. They came out victors to get into the UEFA's records of clubs that have won all the cups on offer; Champions cup, the super cup and the Europa cup.

Manager Alex Ferguson will go down as the most successful manager to have managed the club. Under his tenure from 1986 to 2013, he broke and set new records for the football teams, not only in England but the entire football fraternity.

The ’98 – ‘99 campaign was a successful one. The club finished the campaign topping the premier league, won the English FA Cup and round up the season by beating German Giants Bayern Munich at Camp Nou to lift the Champion’s league trophy.

Who owns Manchester United Football Club?

Manchester United began its journey in 1878 when it was born Newton Heath LYR Football Club.

Financial complications forced the owners of the young club to abandon ship. It was salvaged in 1902 with the new owner renaming it Manchester united. He moved his club later in 1910 to occupy what is currently, the Old Trafford Stadium.

Since then, the club has continuously grown, however, its financial complications never stopped. It was listed as a publicly traded company in the 90s.

Did You Know Who Owns Manchester United?

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Not lasting long in the public’s hands, investors saw the potential of the club and they injected a new string of capital, buying its shares in an effort to privatize the Manchester based club.

American Real Estate Billionaire Malcolm Glazer bought the club in 2005 in a reported £800 million deal. The majority of shares he owned made the club to be privatized again. Something the Manchester faithful did not relent.

They were not happy with who owned Manchester United and thus they formed a revolutionary club; F.C United of Manchester in 2005.

The Glazers did however, re-list the club as a publicly traded company by enlisting it at the NYSE in 2012. When Malcolm died in 2014, though the ownership of the Manchester club was not jeopardized, one of his sons Edward sold all his shares of the club erasing his name from the list of those who own Manchester United now.

Manchester United has a wide fan base. Its greatest rivals in the football pitches of England are; its close neighbors Manchester City, Leeds United and the Anfield Club with which they share the nick “the Reds”, and Liverpool FC.

Did You Know Who Owns Manchester United?

Joel and Avram Glazer

The Manchester United plc. Is a company that jointly owns Man United club with the Glaziers; Joel, Bryan and Avram.

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Source: Yen.com.gh

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