WSJ – Some of Europe’s most powerful hedge fund managers are sharply divided on the outlook for English soccer club Manchester United = PLC, whose share price has declined recently along with its on-field performance.
One of the most prominent to hold a negative bet is U.K.-based Odey Asset Management, which is headed by investor Crispin Odey and runs around $12.2 billion. It has been betting on the share price’s falling since shortly after the initial public offering of Manchester United in 2012 and says the shares are overvalued.
