American billionaire Leon Cooperman has bought close to one million shares in Manchester United as Sir Jim Ratcliffe also prepares to take a much larger, albeit still minority, stake.
The Glazer family announced last November their intention to consider ‘strategic alternatives’ for United, the club they have now owned in controversial circumstances for the past 18 years.
Those alternatives have included all manner of possible investment, from a full takeover to minority deals. Both Ratcliffe and former bidding rival Sheikh Jassim Bin Hamad Al Thani had hoped to become new owners of the…
