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SBD Global/March 12, 2014/Finance
U.S. Investment Firm Baron Capital Builds Up Stake In EPL's Manchester United
Published March 12, 2014
NO GAME-CHANGER: In London, Roger Blitz reported a note on the Baron website about its holding said that ManU’s shares "had dropped in value in the fourth quarter because of delays in the signing of a new global merchandising deal with Nike." Baron said, “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” (FINANCIAL TIMES, 3/11). Manchester Evening News Head of Business Adam Jupp said, "It's interesting but it's not a game changer. What it shows is despite the on-pitch struggles the club is still seen as an attractive investment" (MANCHESTER EVENING NEWS, 3/11).