U.S. investment firm increases stock in Manchester United, pours $150 million into club

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While struggles on the pitch have hampered Manchester United’s season in 2013-14, off the pitch the English powerhouse seems to be going from strength to strength.

On Tuesday it was announced that American investment firm Baron Capital had purchased more stock in Manchester United and now owns a quarter of all the shares available in the club on the New York Stock Exchange.

Many people will hear this news and start thinking about a potential takeover bid from Baron, but the Glazer family had only released 10 percent of the club to the NYSE, while the other 90 percent is still in their hands. So, in essence, Baron only owns 2.5 percent of United with their $150 million stake.

Baron Capital’s investment ties in with recent trends around United’s financial success, as the club is widely expected to sign a new $1 billion deal with Nike and on Monday their share price has risen to its highest level since November at $15.84 per share.

Man United confirmed the shareholding in their investor relations website, where is states Baron Capital now owns 9,581,636 shares, which are worth $151m based on current share prices. While on Baron’s website, they had the following to say.

“Shares of Manchester United dropped … due to a delay in the signing of a new global merchandise deal with Nike and the team’s poor performance on the field. The Nike deal is still expected to be signed, but has been pushed out from this fiscal year. We remain positive on the company’s prospects going forward.”

Good news for United all round, as the financial world realizes now is a good time to invest in the club as on-field problems have lowered share prices in recent months. With the club pushing forward with an aggressive pursuit of top talent, it seems as thought investors are gambling on the Red Devils returning to the top of the Premier League and challenging for European titles in the not so distant future.

As we know, soccer is not as cut and dry as that, but if the markets are anything to go by, good time are ahead for Manchester United.

Top Storylines for Premier League Week 6

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After a week of League Cup action domestically, the Premier League returns this weekend with a myriad of interesting matchups and storylines.

Let’s take a look at some of this week’s top story’s to follow:


Can Manchester City continue its torrid form?

Manchester City has finally found its groove under manager Pep Guardiola.

[ VIDEO: Premier League highlights ]

The club has won five successive games, the last three coming on the road while scoring a combined 19 goals. Sergio Aguero and Gabriel Jesus are a terrific 1-2 punch while David Silva and Kevin De Bruyne have been stars in midfield, with De Bruyne pulling the strings for Man City all season.

There’s every likelihood that Man City will continue its impressive run on Saturday. The club hosts floundering Crystal Palace, which is still adjusting to new manager Roy Hodgson.

(more…)

On This Day: The Battle of Old Trafford

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Fourteen years ago today, Arsenal headed north to Manchester for a famous matchup with Manchester United.

Taking the field at Old Trafford, Arsenal were unbeaten to start the season, having won its first four Premier League matches before drawing a week prior at home against Portsmouth. Manchester United meanwhile had four wins and one loss in that span.

[ MORE: Watch full PL match replays ]

By way of Arsenal’s FA Cup title and Man United’s Premier League title the year before, the two teams met for the annual Community Shield a month earlier, and the game descended into a physical battle. Five yellow cards were shown, Arsenal substitute Francis Jeffers was shown a red card and defender Sol Campbell was later banned for kicking at an opponent, and Man United – backed by a young Tim Howard in goal – won 4-3 on penalty kicks after the score was tied at 1-1 after extra time.

With numerous physical encounters over the years, the September 21 encounter was shaping up to be another monumental showdown, and in terms of physicality, it didn’t disappoint.

Each team were shown four yellow cards and there was a combined 31 fouls. The match took a turn when Patrick Vieira was shown a second yellow card and subsequent red card for kicking out at Man United’s Ruud Van Nistelrooy after Van Nistelrooy had fouled Vieira going for a header. The decision set off a scrum in the middle of the field.

Despite being down to ten men, Arsenal held on until the final minutes, when Martin Keown was whistled for a foul in the box on Diego Forlan, giving Man United a penalty kick. But whether it was karma or lady luck, Van Nistelrooy’s penalty clanged off the crossbar and away to safety. Arsenal held on for a goalless draw, which helped boost the team’s belief in itself.

The Gunners went on to finish the 2013-2014 season undefeated, the only team to finish a Premier League season without a defeat. Man United wound up taking the FA Cup crown, settling for third place in the Premier League.

Watch some highlights from the match below.

Former Sunderland forward Scocco scores five goals for River Plate

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Veteran forward Ignacio “Nacho” Scocco is quickly endearing himself to the River Plate faithful.

Nearly three months since joining River, Scocco scored an incredible five goals in the second leg of his team’s Copa Libertadores quarterfinal matchup with Bolivian side Jorge Wilstermann. Scocco scored a first half hat-trick and added two more in the second half as River turned around a 3-0 deficit heading into the second leg.

Scocco had a mostly frustrating spell in 2014 ahead of the World Cup with Sunderland, joining the club as they staved off relegation by one point. Scocco failed to score for Sunderland in eight appearances, all off the bench.

However, since then, he returned to his native Argentina and starred for his hometown club Newell’s Old Boys before moving this summer to River as a replacement for Sebastián Driussi, who completed a transfer to Zenit St. Petersburg.

Here’s a look at all of Scocco’s goals Thursday evening.

Tammy Abraham denies switching national teams

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Fans of the England National Team may still have a chance to see Tammy Abraham don the Three Lions crest one day.

Abraham refuted reports from earlier Thursday that he was in the process of switching his national team to Nigeria from England. The 19-year-old Swansea City forward on-loan from Chelsea has played as high as the England Under-21 Men’s National Team but because of his Nigerian father, he’s eligible for the African nation.

[ FOLLOW: All of PST’s PL coverage ]

Abraham confirmed that he had met with Nigeria Football Federation chief Amaju Pinnick after Swansea’s last game, but denied that he was looking to play for the Super Eagles.

“I have informed The FA that I remain available for selection for England,” Abraham said, via the BBC. “Contrary to reports in the media I would like to clarify that I have not agreed to switch my national team allegiance. I can confirm I met the President of the NFF after our last game against Tottenham at Wembley on Saturday given he is a friend of my father. However, any suggestion that I have made a decision to change my international representation is incorrect and wide of the mark.”

Earlier in the day, reports emerged that Pinnick said the process was underway for Abraham to switch his international allegiance.

Abraham’s apparently decision to remain with the England set-up is good news for his club Swansea City, who will get to keep him closer to Wales on a regular basis, but Abraham may be missing a chance to play senior national team soccer at a young age.