News Summary: BlackRock takes stake in ManUnitedJanuary 30, 2013 @ 2:32 pm
(AP) - NEW OWNER: The investment firm BlackRock said it has taken an 8 percent stake in the publicly traded shares of Manchester United.
MEET THE GLAZERS: The football club went public on the New York Stock Exchange last August. But the American family that owns the team, the Glazers, maintains voting control through Class B shares that have 10 times the voting power of the stock sold to the public.
IMPROVED: Manchester United used some of the IPO proceeds to pay down debt and has recently signed up a string of sponsorship deals. Its stock has surged 19 percent so far in 2013.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Soda Pop Stop
The mayors of Seattle, New York and about a dozen other cities want to ban this
'I Am A God'
Critics say Kanye West's album will change music forever
A Skeptic's Doubts
An ESPN columnist doubts Russell Wilson will ever be elite
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.