English soccer club Manchester United seems to be a growing blue chip investment off late, especially after it became the most valued soccer club of the world. In recent developments, a US investment firm BlackRock has bought around 8 percent of the club’s Class A shares through open market. Glazer family, controlling stock holder, will still hold the controlling powers in the club coz they have Class B share which have ten times more voting power than Class A shares. In reality, ManU stocks have been volatile in recent few weeks in London stock exchange whereby their value has already been surged by around 35% in past three months, and after this buyout, coming days are also supposed to be money carrier for the club. Financially, it is one of the biggest investments in the club after it went public last August. The formal information to Securities and Exchange Commission will be communicated by Wednesday. Actually, English club has made many significant financial decisions where it … [Read more...]