Manchester United has had a dismal start in the Premier League this season – and some hedge funds are betting that their shares will have a similarly rotten run of form.
Odey Asset Management, founded by hedge fund manager Crispin Odey and one of the UK's most prominent funds, has revealed a short position worth about $5 million in the football club.
(Read more: The other 'football': More in US heading to games)
The hedge fund has about 310,000 shares – under 1 percent of the club's class A shares – out on loan. New York hedge fund Tremblant Capital also has a 0.81 percent short position in the football club.