sportbible homepage
sportbible homepage
  • Football
  • Boxing
  • UFC
  • Home
  • Football
    • Premier League
    • Champions League
    • World Cup
    • England
    • Transfer News
    • Manchester United
    • Liverpool
    • Arsenal
    • Real Madrid
    • Barcelona
  • Formula 1
    • Red Bull
    • Ferrari
    • McLaren
    • Mercedes
    • Max Verstappen
    • Lewis Hamilton
    • Lando Norris
    • George Russell
    • Charles Leclerc
  • Boxing
  • UFC
  • More Sport
    • Tennis
    • Golf
    • NBA
    • NFL
    • Darts
    • Athletics
    • Rugby
    • Wrestling
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Snapchat
TikTok
Threads
YouTube
Submit Your Content Here
  • LADbible
  • Tyla
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • FOODbible
  • UNILAD Tech
Who is Leon Cooperman? Manchester United's new American investor profiled and staggering net worth revealed

Home> Football> Football News> Man Utd

Updated 18:18 14 Nov 2023 GMTPublished 17:54 14 Nov 2023 GMT

Who is Leon Cooperman? Manchester United's new American investor profiled and staggering net worth revealed

Who is he?

Chris Byfield

Chris Byfield

google discoverFollow us on Google Discover

Leon Cooperman has taken a late stake in Manchester United. But who is the American investor?

As per Bloomberg, the billionaire and former hedge fund manager reported a position of just under 1 million shares in United, currently valued at $16.8million (£13.5million).

And supporters are now scrambling to work out who Cooperman is.

The son of a plumber from New York, Cooperman went to public schools, Hunter College and then received an MBA from Columbia University.

Advert

He then went on to become a Wall Street legend.

Indeed, Cooperman is the founder of New York-based Omega Advisors, an investment advisory firm managing over $3.3 billion (£2.64billion) in assets under management, the majority consisting of his personal wealth.

Indeed, he has a reported net worth of $2.6billion (£2.08billion), according to the Bloomberg Billionaires Index.

In 2016, the 80-year-old was charged with insider trading by the U.S. Securities and Exchange Commission [SEC], an accusation the business mogul profusely denied.

Cooperman's firm agreed to a $4.9million (£3.92million) settlement with the SEC a year later.

As part of the agreement, Omega Advisers admitted no wrongdoing.

Away from business, Cooperman has primarily donated to the Republican party and even gained attention in 2011 for an open letter to Barack Obama in which he accused the president with engaging in class warfare.

However, he claims to have voted for incumbent president Joe Biden over Donald Trump in the 2019 election.

Cooperman has taken a stake in United just days before Sir Jim Ratcliffe's Ineos Group is expected to pay around £1.25billion to buy 25% of the Old Trafford club.

It has been reported that the deal includes the potential for an increased stake in future, as well as control of the club's football operations.

As per the BBC, it is thought around £245m in additional funds will be made available by Ratcliffe for infrastructure works related to the stadium.

Featured Image Credit: Getty

Topics: Football, Manchester United, Premier League

Chris Byfield
Chris Byfield

Sport journalist with experience writing on football, rugby, boxing and the Olympics. I'm also a Crystal Palace fan. Please don't hold this against me.

Recommended reads

Dennis Taylor interview: Why snooker legend is playing in brand-new event... and how he saved someone's lifeGettyRanking the top 10 best golfers of all time as Nicklaus v Woods GOAT debate settledGetty ImagesDavid Munyua and Peter Wachiuri interview: 'We wish for major PDC players to come and visit Kenya'Getty / Instagram/@wachiuridartsMark Selby lifts lid on backstage talks over Crucible as landmark agreement reachedGetty

Advert

Choose your content:

15 mins ago
an hour ago
2 hours ago
  • Getty
    15 mins ago

    Chris Wood reveals he's suffered injury that must be managed for life

    Wood recently returned to action after five months out.

    Football
  • Getty
    an hour ago

    Ex-Arsenal & Liverpool goalkeeper Alex Manninger dies aged 48 in tragic accident

    The former Premier League player lost his life just years after retiring.

    Football
  • Getty
    2 hours ago

    Hugo Ekitike releases heartbreaking first statement after Liverpool confirm injury details

    The Liverpool star has finally spoken out following the devastating injury.

    Football
  • Getty
    2 hours ago

    FIFA issue update on Iran participating at World Cup as Gianni Infantino speaks out

    Infantino has provided a fresh stance on the situation.

    Football
  • What Harry Maguire told referee revealed as FA confirm extended ban for Man Utd star
  • Manchester United ticket prices vs hospitality prices revealed amid new match categorisation
  • Mark Goldbridge's Staggering Salary Revealed in New Financial Accounts
  • Wayne Rooney Receives Huge Tax Rebate as Net Worth Revealed