Manchester United have reached an agreement for Sir Jim Ratcliffe to acquire up to 25% of the club
Manchester United also confirm that INEOS will be responsible for management of football operations.
Manchester United has made headlines in the footballing world after confirming an agreement with Sir Jim Ratcliffe, Chairman of INEOS, for the sale of up to 25% of the club’s shareholding. The deal involves the sale of a substantial 25% shareholding of Manchester United to Sir Jim Ratcliffe, a billionaire industrialist.
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Ineos Chief Executive, Sir Jim Ratcliffe, becomes a minority shareholder after acquiring the stake at a price estimated to be around $33 per share. The transaction, worth over $1 billion, signifies Ratcliffe’s substantial investment in the prestigious English football club.
Ratcliffe aims to contribute to Manchester United‘s revitalization, seeking to enhance the club’s operations and competitiveness. The move has elicited interest and speculation among fans and pundits about the potential impact of Ratcliffe’s involvement on the club’s strategies and future endeavors.
This strategic agreement between Manchester United and Sir Jim Ratcliffe signifies a notable milestone in the club’s history, inviting anticipation and intrigue among stakeholders regarding the implications of this partnership on the club’s future trajectory.
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