Manchester United has acquired the one-third minority equity stake in Manchester United Television from BskyB . MUTV is now a wholly-owned group subsidiary. MUTV employs approximately
60 staff and currently operates from offices in central Manchester, a studio at Carrington (the Club’s training ground) and from facilities within Old Trafford stadium.
MUTV was launched in 1998 as a three-way joint venture, with UK broadcasters ITV and Sky as equal partners. Since then, MUTV has developed considerable in-house expertise and Manchester United bought ITV’s one-third equity stake in November 2007.
Richard Arnold, Commercial Director of Manchester United, said, “The acquisition of Sky’s stake is great news for all of our fans who watch us around the globe, MUTV, its staff and the Club. We look forward to continuing to enhance our media proposition and distribution capabilities in the years to come; and delivering some of the best and most compelling content to our 659m followers.”