Manchester United set to confirm 25% stake sale to petrochemicals billionaire Ratcliffe: Report
Publishing timestamp: 2023-12-04 10:36:34
Summary
British petrochemicals billionaire Jim Ratcliffe is set to acquire a 25% stake in Manchester United for £1.25 billion ($1.58 billion). Ratcliffe will purchase 25% of the club's listed A-shares and 25% of the Glazer family's B-shares, which carry greater voting rights. The deal is expected to involve Ratcliffe committing around £245 million of his personal fortune to upgrade the club's infrastructure. Manchester United's current owners, the Glazer family, have been exploring a sale since November 2022 due to underperformance and fan protests.
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