Sign in
Download Opera News App

News Sports




Premier League

Billionaire Family that Owns Manchester United Football Club and How they acquired the Shares

There is no doubt that Manchester United is one of the greatest football clubs in the English Premier League. Its prowess dates back to the days of Sir Alex Ferguson who coached and lifted the club to world-class status. In this article, we focus on the billionaire family that owners the Manchester United football club.

In a brief history, Manchester United was formed in the year 1978 as Newton Health LYR football club. The initial players of the club were workers who worked on a nearby railway depot. The club has grown from scratch to the present-day Manchester United based at Old Trafford.

Throughout the transition stages, the ownership of Manchester United has also changed. See the following previous owners:

1984- 1989: Media Tycoon Robert Maxwell

1989 -1991: Michael Knighton

1991: Manchester United was a public entity

1998: It was under Rupert Murdoch's BSkyB corporation.

September 2003: Malcolm Glazer and Family.

Our major concentration in this article will be Malcolm Glazer and his family. They own a multi-billion business entity that includes full ownership over Manchester United. At inception, the Glazers only had 3% shares at Manchester United. In the same year, they increased the shares to 15% and later to 40% in the year 2004.

By the year 2005, his stake had moved from 57% to 75% and later to 98%. He later bought the remaining 2% and completed a 100% takeover at Manchester United.

Content created and supplied by: AlexMunene254 (via Opera News )

Alex Ferguson Manchester United Manchester United Football Club Newton Health LYR Robert Maxwell


Load app to read more comments