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Article: Manchester United's secret stalkers Britain's premier club is on bid alert, but not for players. Richard Fletcher goes in search of the mysterious investors whose identity is shielded by Swiss banks
- Article from:
- The Sunday Telegraph London
- Article date:
- October 12, 2003
- Author:
CopyrightCopyright 2003 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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Mystery Swiss-based investors control pounds 3.7m worth of shares
in Manchester United, the football club at the centre of increasing
bid speculation after stake-building by a cast of colourful
entrepreneurs.
Attempts by the club and its advisers to identify the secretive
investors have failed - despite the threat of legal action by
Manchester United.
Under Section 212 of the Companies Act, companies or individuals
holding stock in a company must confirm the identity of beneficial
owners if served with a so-called 212 notice.
But a series of offshore banks, including Sarasin, a private Swiss
bank that holds over 1m shares in Manchester United on behalf of nine
clients, are refusing to ...