Manchester United Agrees to Sell 25% Stake to Jim Ratcliffe – Breaking Sports News
Manchester United has made a major business deal with British businessman Jim Ratcliffe, founder of petrochemical company INEOS. The deal involves the sale of 25 percent of the club’s shares for a whopping 1.25 billion pounds. This purchase will give Ratcliffe a significant stake in Manchester United, as well as a say in the control of football operations.
In addition to the shares, Ratcliffe has also agreed to provide £236 million for investments in the club’s iconic Old Trafford Stadium. This injection of funds will likely lead to significant upgrades and improvements to the stadium.
The sale is a significant development for Manchester United, which has been owned by the US Glazer family since 2005 when they bought the club for £790 million. The addition of Ratcliffe as a major shareholder and investor is expected to bring about changes and upgrades for the club, both on and off the pitch.
This significant investment from Ratcliffe demonstrates his commitment to the future success of Manchester United and could bring about exciting developments for the club in the coming years. Fans will be eager to see how this deal impacts the team and the stadium they hold dear.
