Irish businessmen John Magnier and JP McManus have bought a further tranche of shares in Manchester United football club, the BBC understands. They have acquired a 4% stake from Dutch media tycoon John de Mol. The deal would mean that the two’s investment company, Cubic Expression, would hold more than 29% of the shares in the English Premiership club. But it would still be less than the 29.9% threshold above which an offer to buy out the club would have to be made. More soon

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