Major Man Utd takeover update as billionaire buys one million shares just days before Sir Jim Ratcliffe deal secured

US BILLIONAIRE Leon Cooperman has reportedly invested in Manchester United.

According to Bloomberg the former hedge fund manager has bought just shy of ONE MILLION shares in the Red Devils.

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US Billionaire Leon Cooperman has reportedly bought just under one million shares in Manchester United[/caption]

Cooperman’s shares are understood to be valued at around £13.5million.

But he could invest more in the future with his net worth reportedly sitting at well over £2BILLION.

The American is the founder of Omega Advisors which is based in New York City.

The news comes just days before British billionaire businessman Sir Jim Ratcliffe is set to secure his 25 per cent takeover of the club.

Cooperman’s reported stake will be significantly less than that owned by Ratcliffe who is expected to pay £1.4billion for his quarter control of the club.

According to Sky Sports, the Ineos owner will also invest £245m into the infrastructure of the club.

But despite an influx of new investors at Old Trafford, the Glazer family will still retain the majority share of the club.