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American billionaire Leon Cooperman has deepened his investment in Manchester United, a new report has revealed.
United on the rise
After a turbulent 14 months under Ruben Amorim, United now appear to finally be getting back on track, with interim head coach Michael Carrick leading the charge.
United sacked Amorim in December last year, bringing an end to a turbulent spell marked by his rigid adherence to a tactical formation, fallings out with players, and a string of inconsistent performances and results. The final straw was his public outbursts, in which he appeared to be challenging the United hierarchy.
In his final press conference, after the 1-1 draw with Leeds at Elland Road, Amorim insisted that he joined United to be the manager, rather than the head coach. He also strongly hinted at cracks in his relationship with director of football Jason Wilcox.
Carrick has hit the ground running at Old Trafford, winning four and drawing one of the five games he has taken charge of.
In an extremely short time, he has implemented a front-footed and aggressive style of play that has galvanised supporters.
At present, the Red Devils sit in fourth place in the Premier League table and firmly within the frame to finish in the guaranteed Champions League spots.
All eyes have been on what is happening on the pitch and now, there is some news off it.
A bigger slice
According to the Independent, American billionaire Leon Cooperman has upped his stake in United.
It’s understood that Cooperman now owns 5.2 percent of the club’s Class A shares, which are valued in excess of $50m.
The newspaper adds, “Cooperman is the founder of Omega Advisors, a New York-based investment firm. There is no sense he is planning a takeover of United.”
“Cooperman’s recently acquired shares were not bought from Ratcliffe or the Glazer family but a British investment firm, Lindsell Train, has cut its stake in United.”
Ratcliffe and the Glazer family hold most of the Class B shares, which carry weighted voting rights of 10 votes per share, compared to just one vote for standard Class A shares.
Featured image Christopher Furlong via Getty Images
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