Why George Soros Going Red with Manchester United at Most Influential Hedge Funds Conference

Aug. 24, 2012 - PRLog -- (August 20, 2012, New York) Bloomberg reports that George Soros’s $25 billion Soros Fund Management LLC has bought 7.9 percent of the Class A shares in Manchester United, the English soccer club that had an initial public offering this month.

The New York-based family office for Soros disclosed the stake in the 134-year-old team in a regulatory filing today. Manchester United, which has won a record 19 championships, raised $233.3 million in its U.S. offering on Aug. 9. The shares have tumbled 6.7 percent since the IPO.

The IPO price gave the Glazer family’s team an enterprise value of $2.9 billion, about $1 billion more than the value of Spain’s Real Madrid, according to data compiled by Bloomberg and Forbes. The Glazer family bought the team in 2005 and has 99 percent of the voting rights. The company is using the proceeds of the stock sale to pay down debt. Why would Soros be interested in this soccer franchise will be explored at Hedge Funds Leaders Forum 2012, "Getting Ready to Manage $5 Trillion by 2016".

On September 25 in New York, October 9 in Chicago and December 12 in London, hundreds of the most important players in alternative investments will gather for all-star agendas at Hedge Funds Leaders Forum 2012, "Getting Ready to Manage $5 Trillion by 2016" . A virtual who’s who will soon follow as one legendary manager after another will take the stage. Billions of investable assets will be represented by influential local and international investors who will listen with rapt attention as star managers and analysts discuss and debate the biggest issues facing the industry today.

Hedge Funds Leaders Forum 2012, "Getting Ready to Manage $5 Trillion by 2016" will provide attendees in New York, Chicago and London with the most up-to-date review of where this ever-changing industry stands and how regulatory and alpha expectation s will impact it. Recognized managers, investors, experts, regulators, and strategists will return to Hedge Funds Leaders Forum 2012 to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

Hedge Funds Leaders Forum 2012 is produced by Golden Networking, the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info@goldennetworking.net.