{"id":68354,"date":"2025-09-16T21:25:12","date_gmt":"2025-09-16T21:25:12","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/68354\/"},"modified":"2025-09-16T21:25:12","modified_gmt":"2025-09-16T21:25:12","slug":"three-major-man-united-shareholders-to-be-directly-impacted-by-donald-trump-nyse-action","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/68354\/","title":{"rendered":"Three major Man United shareholders to be directly impacted by Donald Trump NYSE action"},"content":{"rendered":"\n

Manchester United might soon have far more limited obligations to shareholders who invested in the club via the New York Stock Exchange as US president Donald Trump calls for major regulatory reform.<\/strong><\/p>\n

When Malcolm Glazer bought Man United<\/a> outright in 2005, he removed the club from the London Stock Exchange, where investors like J.P. McManus, John Magnier<\/a> and BSkyB originally bought their shares.<\/p>\n

Seven years later, the Glazer family<\/a> publicly re-listed the club, this time on the New York Stock Exchange.<\/p>\n

As well as raising about \u00a375m for the owners<\/a> six time zones away in Florida, the initial public offering had an immediate and profound effect on how the club was run day-to-day.<\/p>\n

\"ManchesterPhoto Ben Hider\/Getty Images via NYSE Euronext<\/p>\n

That has continued into the 2020s, with the club\u2019s publicly listed status playing a major role in the process that saw Sir Jim Ratcliffe<\/a> become United\u2019s single largest individual shareholder in February last year.<\/p>\n

Just under a quarter of the club\u2019s equity is owned by private investors, although they have a different class of shares (\u2018Class A Ordinary Shares\u2019) which control just a fraction of the voting rights.<\/p>\n

United remain the only actively publicly listed Premier League club. <\/p>\n

There are only a handful of teams worldwide \u2013 such as Celtic, Juventus, Borussia Dortmund and Ajax \u2013 whose stock can be bought by private and institutional investors.<\/p>\n

\"DiagramManchester United ownership diagram<\/p>\n

Credit: Adam Williams \/ United in Focus \/ GRV Media<\/p>\n

Among the requirements for NYSE-listed businesses like United is filing financial statements four times per year. That is unlike every other English club, who are legally required to report just once annually.<\/p>\n

United\u2019s statements are also close to real-time, which makes it easier to understand their position under the Premier League\u2019s Profit and Sustainability Rules (PSR)<\/a> and the wider health of the business.<\/p>\n

Tomorrow, Manchester United PLC will release their fourth and final quarterly report for the 2024-25 financial year.<\/p>\n

And while that might sound trivial in the context of the club\u2019s travails under Ruben Amorim<\/a>, the Q4 results will reveal how financially resilient the club was in a historically poor season.<\/p>\n

However, this window into the business side of the club could soon be partially closed. If Trump gets his way, that is.<\/p>\n

Donald Trump wants businesses like Man United to reduce reports to shareholders<\/p>\n

As well as reporting four times as frequently as their Premier League peers, United also have a fiduciary duty to break down their finances in far, far more detail.<\/p>\n

That gives the likes of Lindsell Train, Ariel Investments and Omega Advisors \u2013 who collectively own around 30 per cent of United\u2019s publicly-traded stock \u2013 a clear and timely window into the club\u2019s business.<\/p>\n\nShareholder<\/td>\nClass A Shares<\/td>\n%<\/td>\nValue<\/td>\n<\/tr>\n\nJames Ratcliffe<\/td>\n15,204,733<\/td>\n27.64%<\/td>\n$271M<\/td>\n<\/tr>\n\nAriel Investments LLC<\/td>\n9,024,434<\/td>\n16.40%<\/td>\n$161M<\/td>\n<\/tr>\n\nLindsell Train Ltd.<\/td>\n4,810,000<\/td>\n8.74%<\/td>\n$86M<\/td>\n<\/tr>\n\nOmega Advisors, Inc.<\/td>\n2,839,737<\/td>\n5.16%<\/td>\n$51M<\/td>\n<\/tr>\n\nJoel M. Glazer Irrevocable Exempt Trust<\/td>\n1,260,093<\/td>\n2.29%<\/td>\n$22M<\/td>\n<\/tr>\n

Man United\u2019s biggest shareholders on the New York Stock Exchange<\/p>\n

However, Trump has used a post on his Truth Social platform to call for companies to be required to report just twice annually. \u201cThis will save money, and allow managers to focus on properly running their companies,\u201d the president said.<\/p>\n

Paul Watkins, chairman of the Securities and Exchanges Commission, the agency which regulates publicly-listed companies in the US, says his organisation is now prioritising Trump\u2019s proposal.<\/p>\n

\"PresidentPhoto by Win McNamee\/Getty Images<\/p>\n

United\u2019s last annual financial report showed a payment of almost \u00a31m to PricewaterhouseCoopers for auditing services. <\/p>\n

However, independent estimates of the total cost of filing statements four times per year seen by UIF<\/strong> put the true cost to the club closer to \u00a35m annually.<\/p>\n