Business

Soros Just Revealed He Invests in Devils (No, Seriously)

George Soros Reveals Stake in Manchester United

George Soros speaks during an interview with The Associated Press, in New York (AP Photo/Mary Altaffer)

NEW YORK (TheBlaze/AP) — Currency speculator and billionaire philanthropist George Soros (”The man who broke the bank of England“) on Monday reveled his minority stake in the popular soccer club Manchester United (aka “The Red Devils“).

Soros disclosed in a regulatory filing on Monday that he owns 7.85 percent of Manchester United’s Class A shares. The filing with the U.S. Securities and Exchange Commission was made by Soros’ hedge fund, Soros Fund Management LLC.

The 134-year-old English Premier League soccer club went public on the New York Stock Exchange earlier this month.

The American family that owns the team, the Glazers, have voting control over it through Class B shares that have 10 times the voting power of the stock sold to the public.

The Glazer family also owns the American football team the Tampa Bay Buccaneers. Malcolm Glazer is CEO of First Allied Corp., a holding company with numerous business interests. His two sons Avram and Joel are co-chairmen of Manchester United.

While Manchester United has rabid fan support, it did not receive as hearty of a welcome on the public stock market. Its debut over a week ago was considered disappointing, with enthusiasm for the celebrated team overshadowed by its debt load and financial track record.

Manchester United carried 416.7 million pounds ($666.2 million) in debt as of March 31. It had no debt when it was bought by the Glazer family in 2005.

“The investment is a surprising bet for a savvy market player like Soros. Shares in Manchester United pay no dividend and essentially carry no voting power,” Forbes reports. “After heavy defense by the underwriters in its first day in the New York Stock Exchange, the stock has fallen 6.7% to $13.06 by the end Monday’s trading session.”

George Soros Reveals Stake in Manchester United

A Manchester United fan holds up a scarf displaying Manchester United's 19 league titles (File photo/AP, 2011)

Manchester United’s stock closed at $14 on its first trading day, valuing the club at $2.3 billion, slightly higher than the record $2 billion paid for the Los Angeles Dodgers baseball team earlier this year.

The company’s stock closed at $13.06 on Monday, down 7 percent from its debut.

Follow Becket Adams (@BecketAdams) on Twitter

(H/T: R. Craig) All photos courtesy the AP.

Comments (86)

1 2
  • teddrunk
    Posted on August 21, 2012 at 2:27pm

    Who cares about Soros. He’s older than dirt and will be in hell soon enough.

    Report Post »  
    • lukerw
      Posted on August 21, 2012 at 3:12pm

      Not soon enough… for me!

      Report Post » lukerw  
    • 13Lena
      Posted on August 21, 2012 at 3:34pm

      Correct. Soros will meet his maker or Satan sooner than later.

      Report Post » 13Lena  
    • BuzzardSays
      Posted on August 21, 2012 at 5:30pm

      Spooky Dude and his evil empire. Senator Palpatine laughing like the lunatic sith that he portrayed in Star Wars could not hold a black candle to Soros. Just like demon to spell his name forward and backward with metronomic precision. He is NOT so beautiful now and will soon find his fate is kerplunk, sizzle… in the Lake of Fire.

      Report Post » BuzzardSays  
    • PubliusPencilman
      Posted on August 21, 2012 at 5:39pm

      Really Buzzardsays? You call Soros demonic because his name is a palindrome? You folks are nuts.

      Report Post »  
    • db321
      Posted on August 21, 2012 at 6:48pm

      I have an investment tip for Soros and his band of fools. Invest in Asbestos clothing – they are going to need it soon.

      Report Post » db321  
    • BIGWUN
      Posted on August 21, 2012 at 7:18pm

      Actually, George’s PR department prefers that you refer to it as follows“George ”Satans Imp” Soros has accepted a long-term engagement making Hell more Hellish upon his departure from this planet.
      Assisting in the Holocaust, destroying untold millions of people and assisting with world Obamamization has earned him a special place at the side of the real Great Satan.” Have a nice time George…

      Report Post »  
    • eagle275
      Posted on August 21, 2012 at 9:33pm

      He’s lower than whale ****. Betrayed his Jewish family and friends to the Nazis to save his own ass. Burn in Hell a-hole.

      Report Post »  
    • sillyfreshness
      Posted on August 22, 2012 at 1:53am

      Too bad Manchester United has to be tainted with his dirty fingers on this team now.

      Report Post » sillyfreshness  
  • garylee123
    Posted on August 21, 2012 at 2:14pm

    Uh….didn’t GM do an ad deal to this team instead of superbowl ads?

    Report Post »  
    • garylee123
      Posted on August 21, 2012 at 4:15pm

      Follow the money

      Associated Press | 0 comments

      Manchester United will receive $559 million under its seven-year shirt sponsorship agreement with General Motors Co.’s Chevrolet division.

      Chevrolet takes over from the insurer Aon starting with the 2014-15 season. Manchester United said it will receive $70 million during the first season of the new deal.

      The agreement was signed July 26 and announced Monday. The financial details were disclosed by the soccer team Friday in a filing with the U.S. Securities and Exchange Commission as part of Manchester United’s planned initial public offering of stock.

      Report Post »  
    • PubliusPencilman
      Posted on August 21, 2012 at 5:40pm

      Follow the money to what? Man. U is one of the most popular and recognized professional soccer teams in the world. Are you suggesting that somehow GM and Soros are in league here? That is beyond looney my friend.

      Report Post »  
    • garylee123
      Posted on August 21, 2012 at 9:17pm

      With the money that Soros has thrown at the President. And with GM pulling it’s Superbowl ads to go to Manchester. And with GM being bailed out by Obama and still owing billions, yet sign a half billion contract for ads. Yeah….I think something funny could be going on.

      Report Post »  
  • Sandy
    Posted on August 21, 2012 at 1:57pm

    First Allied is a Rotten company that bullies their tenants to pay more than they should. I rented from them before building my own. Because I keep good records, I kicked their butts in Court twice………. Now that I have a shopping center I have taken 3 tenants that would have rented from them……they are a dirty company. So Soros is in good company.

    Report Post » Sandy  
  • Deibido
    Posted on August 21, 2012 at 1:55pm

    Deeply possessed, but them so is much of humanity…he’s just darker! Seriously…

    Report Post »  
  • CulperGang
    Posted on August 21, 2012 at 1:47pm

    http://www.citizensincharge.org/ EMPOWER THE HUIMANITY OF THE WORLD…..not politicians.

    Report Post » CulperGang  
  • thibx
    Posted on August 21, 2012 at 1:47pm

    he is his son.

    Report Post »  
    • SharonIsCaring
      Posted on August 21, 2012 at 1:58pm

      Many video‘s in comments on Jeff Foxworthy’s BIBLE CHALLENGE (in faith section). We need to understand our bible better and these video’s are ALL up to date. You’ll want to show more people.

      Report Post »  
  • OLDPAINT
    Posted on August 21, 2012 at 1:44pm

    Don‘t hang them when they’re found guilty. Give them enough time to collect family photographs. Nothing else! Then, exile them with only the clothes on their backs. The whole family. Better than killing them.

    Report Post » OLDPAINT  
  • PaxInVeritate
    Posted on August 21, 2012 at 1:34pm

    Rugby is better than Soccer.
    Soccer… a “gentlemen’s” sport played by hoodlums.
    Rugby… a “hoodlum’s” sport played by gentlemen.

    Report Post » PaxInVeritate  
  • South Philly Boy
    Posted on August 21, 2012 at 1:11pm

    SoreA$$

    Report Post » South Philly Boy  
  • ColoradoMaverick
    Posted on August 21, 2012 at 12:51pm

    What does that mean? he invests in himself? George Soros is one evil (and ugly) dude. He will go down in history as the son of satin himself.

    Report Post » ColoradoMaverick  
  • semihardrock
    Posted on August 21, 2012 at 12:26pm

    They also nicknamed DNC for short aka “occupy” aka communist pawns…

    Report Post » semihardrock  
  • grayling646
    Posted on August 21, 2012 at 12:22pm

    Way to go Becket. Another enticing headline which led to an absolutely boring story. Way to go. You’ve become an expert at this.

    Report Post »  
  • kiwi1
    Posted on August 21, 2012 at 12:20pm

    I consider Soccer a Communist Sport. Bread and Circus! Keep the people entertained and not paying attention to the loss of their freedoms (if they ever had any). Soccer games are constantly being played, more tournaments added all the time. As if it matters to these fans lives who wins or who loses. Does it improve their lives at all. NO! Some kind of Regional or National Pride. Proud of What? These people are Dupes for their Governments and Connected Team Owners. Does it Surprise anyone that Soros would be involved in this kind of a Propaganda Machine.

    Report Post »  
    • Godfather.1
      Posted on August 21, 2012 at 12:30pm

      “Manchester United’s stock closed at $14 on its first trading day, valuing the club at $2.3 billion, slightly higher than the record $2 billion paid for the Los Angeles Dodgers baseball team earlier this year.”

      Sure sounds pretty communist to me. I mean, what’s more communist than being sold on the NYSE?

      Report Post »  
    • kiwi1
      Posted on August 21, 2012 at 2:09pm

      What….you don’t think Communists are investing in the market?

      Report Post »  
    • Walkabout
      Posted on August 21, 2012 at 2:12pm

      Games revolving around the kicking of a ball have been played in many countries throughout history, such as woggabaliri in Australia, harpastum in the Roman Empire, and cuju in China

      The history of football in England dates back to at least the eighth century.

      http://en.wikipedia.org/wiki/Soccer#History

      Actually, I am shocked. I didn’t expect soccer to be that ancient.

      I am pretty sure this predate Karl Marx or even Proudhon (of France).

      Looks like people just wanna have fun.

      Report Post »  
  • JACKTHETOAD
    Posted on August 21, 2012 at 12:16pm

    wtf? The guy’s a walking Help Wanted sign for that kind of help. ( I wonder if he’s hiring? …hmmm…)

    Report Post » JACKTHETOAD  
  • OneTermPresident
    Posted on August 21, 2012 at 12:13pm

    Imagine that… The Devils, George Soros and the sum of $666 in the same place.

    Report Post » OneTermPresident  
  • Godfather.1
    Posted on August 21, 2012 at 11:57am

    Becket Adams, you are so clever! You take a complete non-story and then create a misleading headline to slander Soros. Way to go!!!

    The only reason you posted this story was so that people will add comments about Soros. You know that no Blaze reader will care that he bought stock a stake in a soccer team.

    Report Post »  
    • Sheriff Joe Rocks
      Posted on August 21, 2012 at 12:14pm

      You don’t understand Soros. Everything he does is for a reason, and usually not good.
      The guy is basically evil.

      Report Post »  
    • Walkabout
      Posted on August 21, 2012 at 2:13pm

      Soros has been hated since 1992. Beck has nothing to do with it.

      Report Post »  
    • Walkabout
      Posted on August 21, 2012 at 2:14pm

      Come to think of it Gofather.1 you are on the wrong side of the issue. Paul Krugman is against Soros, so must be wrong.

      Report Post »  
    • Godfather.1
      Posted on August 21, 2012 at 2:36pm

      @Walkabout

      But I thought Paul Krugman is an idiot, right? So nothing he says could be true, right?

      I’m not passing any judgment on Soros, just simply pointing out that all you Blazers only hate him because Beck tells you too. If Soros donated money to Beck’s causes and Beck said he was a great man, you would all be on your knees for Soros.

      TheBlaze simply posted this story to try to say something else bad about Soros even though there is nothing objectively wrong with investing in a soccer team.

      Report Post »  
    • Walkabout
      Posted on August 21, 2012 at 5:44pm

      Godfather.1
      @Walkabout

      But I thought Paul Krugman is an idiot, right? So nothing he says could be true, right?
      ***
      A stopped clock can be right twice a day.

      What I have said is that using analytical tools of economics & statistics Krugman proved a narrow point for which he was honored. Since then he has been partisan & shooting from the hip.

      Report Post »  
  • RamonPreston
    Posted on August 21, 2012 at 11:54am

    Soros invests in REAL devils.

    Report Post » RamonPreston  
  • Al J Zira
    Posted on August 21, 2012 at 11:50am

    M.U. has no debt then the Glazer’s buy them and rack up 666M in debt. They go public to try and offset the debt and fail now their shares are in the tank. Sounds like typical progressive economic policy to me.

    Enter George Soros who quietly buys just under 8% of the club. He’ll own the club, it’s just a matter of time.

    Report Post » Al J Zira  
  • dodgedart1966
    Posted on August 21, 2012 at 11:45am

    George Soros owns part of Man, U. Didn’t GM (Government motors) just sign an agreement for a multi million dollar advertising deal with…Man.U? Another example of Obama re-paying his supporters with my tax dollars.

    Report Post »  
    • teddrunk
      Posted on August 21, 2012 at 2:25pm

      GM did, and they are idiots. Manchester United is like the Yankees. NY might love them, but the rest of the country hates them. Come to think about it. It’s kind of like the Cowboys.

      Report Post »  
  • archtopman
    Posted on August 21, 2012 at 11:41am

    didn’t GM just spend 600 million dollars in Manchester United ?

    spooky dude and Government Moters ?

    Report Post »  
  • Man-On-A-Mission
    Posted on August 21, 2012 at 11:24am

    Place him with the GOP as far as I’m concerned…..Just another rich A**H*** that is buying and destroying our democracy!!!!!!!!

    Report Post »  
    • THe_Chemist
      Posted on August 21, 2012 at 11:39am

      its not a democracy!!! its a constitutional based republic! “I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all.”

      Report Post » THe_Chemist  
    • oldduffer
      Posted on August 21, 2012 at 11:46am

      You mean rich as in Spielburg, Gates, Soros, Kerry Heinz, Heinz foundation, Ford Foundation, Clooney, Zukerburg, Buffett and many other Billionaires and all the corporations that Hollyweird celebs. have set up to the tune of several billion dollars or maybe the Wall Street bankers that were main contributors to the Democrat Party. Maybe you mean the several billionaires in New Yawk and Florida that have major supporting roles in Democrat super Pacs. You want lots more? Course the Kennedys and Rokerfellers are broke, right?

      Report Post »  
  • thegreatcarnac
    Posted on August 21, 2012 at 11:15am

    Soros should be on the ‘wanted list’ of every western country on earth.

    Report Post »  
    • PubliusPencilman
      Posted on August 21, 2012 at 11:41am

      Wait just a minute: he’s a self-made billionaire who played a big role in condemning the Soviet Union and has spent huge amounts of money helping Eastern European countries build capitalist systems after the fall of Communism.

      You folks should love this guy! Yet, he supports liberals, so you demonize him, despite the fact that he’s done more to combat global communism than Beck and all the other commentators on Fox News.

      Report Post »  
    • Godfather.1
      Posted on August 21, 2012 at 12:05pm

      @PubliusPencilman

      You forget that the only reason Blazers know about Soros is because of Beck. Therefore, all they know about Soros is based upon Beck’s lies.

      Report Post »  
    • Walkabout
      Posted on August 21, 2012 at 1:56pm

      Soros has been on the political radar Screen since at least 1992 & his bidding against the British pound.
      Strong opinions were formed about him way before Beck came on the scene. For an encore Soros bet against the Malaysian baht.

      It is bad when a government is beholden to bad socialist policies that are unsustainable . It is worse when a billionaire profits off it & makes it worse. Philanthropy matters naught if the philanthropist spread misery 1st.

      Report Post »  
    • Walkabout
      Posted on August 21, 2012 at 1:59pm

      “Nobody who has read a business magazine in the last few years can be unaware that these days there really are investors who not only move money in anticipation of a currency crisis, but actually do their best to trigger that crisis for fun and profit. These new actors on the scene do not yet have a standard name; my proposed term is ‘Soroi’.

      - Economist Paul Krugman is critical of Soros’ effect on financial markets.

      Apparently, Publiuspencilmensch & Godfather approveoros..

      Report Post »  
    • PubliusPencilman
      Posted on August 21, 2012 at 3:50pm

      I don’t like how Soros made his money anymore than anyone else, but it seems more than a little hypocritical for conservatives to criticize him for getting rich through legal business practices. I am all for additional regulations in the world financial market, but Beck has you folks fooled into thinking that regulations are as evil as Soros!

      Report Post »  
    • Belwraith
      Posted on August 21, 2012 at 4:42pm

      There you go again, Pub, criticizing everyone before actually doing the work yourself. Do your homework and you’ll see Soros in news interviews laughing at how he assisted in the financial demise of multiple countries because, in his own words, “it was fun”. Read the interviews in which he tells how he made his billions…it’s all out there, do your own work and quit pestering others to try to get the answers you’re do lazy to go find for yourself.

      Report Post »  
  • AJAYW
    Posted on August 21, 2012 at 11:12am

    I heard that George Soros is best known as being Obama’s pimp.

    Report Post »  
  • DEFENDINGFREEDOM
    Posted on August 21, 2012 at 11:03am

    Yes, they’re devils. But don’t forget that they are RED devils. How fitting for the man who wants to bring about the new vorld order.

    Report Post »  
  • floridareader
    Posted on August 21, 2012 at 10:59am

    I find quiet confusing the introduction of George Soros in this story: “a currency speculator and a philanthropist”. How can you put together such “qualities”. If you are as deceptive as he is, how on earth can you be a philanthropist?
    This man has a soul as dark as Star Wars’ Emperor Palpatine.
    By the way, have you notice the older Soros gets and the wicker his actions are, the uglier he becomes and looks very much alike the wicked emperor.

    Report Post » floridareader  
    • Snowleopard {gallery of cat folks}
      Posted on August 21, 2012 at 11:19am

      “a currency speculator and a philanthropist”. How can you put together such “qualities”. If you are as deceptive as he is, how on earth can you be a philanthropist?

      Your answer is contained within your question; deception.

      He uses the ‘philanthropist’ aspect as a cover for his own charities that push his agenda; and in the same move, give him legal deniability for their moves, allow him to publically appear as a grandfather like man – with the heart of a devil of course – and then people will have two opinions of him to consider, and are unlikely to see the truth of him.

      Report Post » Snowleopard {gallery of cat folks}  
    • TexasHunter
      Posted on August 21, 2012 at 11:21am

      Looks almost dead to me in that picture. Greed has turned his soul Black.

      Report Post » TexasHunter  
    • Snowleopard {gallery of cat folks}
      Posted on August 21, 2012 at 11:25am

      Forgot to add:

      This ability of his, concealing his actions while being out in the open with them, is what makes him so utterly dangerous to anyone who does not understand him and his actions. This is smoke and mirror carried out on a national and international level; he is one of the few non-govermental forces of the world who can break a nation on a whim.

      Unlike Assange who assumed he could play with the worlds dragons and remain safe, this man can and will usually win. He deals with proven ability to carry out his threats that are made, and most governments want stability inside their borders to allow the leaders to stay in power (and alive in many cases as well).

      How many people, on their own, can claim credit for the downfall and overthrow of four governments we know of, and the one who crashed seven currencies, crushed the Bank of England, and so forth?

      This guy is a Hollywood SuperVillan come to life, and hence, one more reason people will discredit those who seek to reveal the truth of him.

      Thankfully there have been people willing to dare to stand against him and show the truth.

      Report Post » Snowleopard {gallery of cat folks}  
    • CulperGang
      Posted on August 21, 2012 at 2:57pm

      Soros enabled the nazis to murder 500K Hungarian Jews. Israel/US won’t arrest him because of the Rothchilds. Who funded bOTH the Nazi war machine & the erection of the State of Israel SIMULTANEOUSLY. Soros is the #1 henchemen of the Rothchild.

      Blaze print the truth.

      Report Post » CulperGang  
1 2

Sign In To Post Comments! Sign In

Sign Up For Our Newsletter!

Glenn Beck Radio

Listen to Glenn Beck 24/7 Listen Now
Restoring Love