British investment firm raises stake in Manchester United 

26 September 2019

Photo: Getty Images The United-stock opened in $17,18 on the 24th September 2019 and dipped to $16,36 throughout the day before closing in $16,46.

Finsbury Growth & Income Trust now owns a five per cent stake in Manchester United. 

The company first bought shares in the summer of 2017 and utilised a dip in the stock value following the publication of United's accounts to increase their stake.

Christian Fomsgaard Jensen

Manchester United presented their financial accounts for their fiscal year of 2019 on Tuesday, registering a record-breaking revenue of £627.1 million - the first English club to break the £600 million barrier. 

However, the stock market reacted negatively to the accounts, taking a five per cent downswing at the news that the club expect a revenue decrease of at least £47 million in the coming season - a result of not qualifying for the Champions League. 

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