The involvement of Jordan, the multimillionaire motor owner of his eponymous team, comes just a week after JP McManus and John Magnier, both horseracing friends of manager Sir Alex Ferguson, increased their shareholding in the Old Trafford club to nearly seven per cent after a £30 million investment.
The Glazers increased their shareholding to over 19% the following June, although they were still not the largest shareholders.
By 20 October, they had increased their shareholding to 8.93%, and on 29 November it was reported that they owned around 15% of the club and had met David Gill, its chief executive, to discuss their intentions.
In contrast, and in line with a sustainability perspective (Jansson and Biel 2011), (potential) investors may increase their investments in response to companies' prioritization of non-shareholding stakeholders because such prioritization is expected to sustainably increase a company's future success.
Foreign shareholders have increased their holdings in recent years as traditional cross-shareholdings between banks and their corporate chums have unravelled (see chart).
On 26 September 2003, it was reported that they had increased their share to 3.17%, taking their shareholding above the 3% threshold that required them to inform the club's management.
In the first phase, China, Mexico, South Korea and Turkey would receive recognition of their growing role in the global economy by seeing a small increase in their shareholding at the IMF of just under 2%.
"British Airways has no plans to increase its shareholding in Qantas," said Amanda Poole, a spokeswoman for British Airlines.
However, despite being an Australian, he too cannot increase his shareholding.
