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BlackRock buys 8.21 percent stake in Man United

Updated: January 30, 2013, 7:37 PM ET
Associated Press

NEW YORK -- The New York-based investment firm BlackRock has taken an 8.21 percent stake in Manchester United.

In a filing with the Securities and Exchange Commission on Wednesday, BlackRock Inc. said it acquired 3.3 million shares in Manchester United PLC. The club went public on the New York Stock Exchange last August.

The Glazer family, which took control of the team in 2005 maintains control through Class B shares that carry 10 times the voting power of the stock sold to the public. ...

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