According to a media report, the English billionaire Sir Jim Ratcliffe has taken over 27.7 percent of the shares in Manchester United.
His entry into the English football record champions is now complete, Sky reported on Tuesday.
The English record champions confirmed the information and stated that all the necessary approvals from the league and the association were in place.
Ratcliffe thus bought a little more than the 25 percent initially announced.
Investment boost for Old Trafford
How much money he invested in this is unclear. According to the BBC, a quarter of the shares would have cost him more than 1.4 billion euros. He is also said to want to invest a further $300 million (278.4 million euros) in the aging Old Trafford stadium.
The majority owner of the club, which has been in sporting crisis for a long time, remains the Glazer family from the USA, which is unpopular with many fans. In return for his investments, Ratcliffe and his company will take responsibility for sporting matters. The boss of the chemical giant Ineos has already been involved in cycling and sailing.
Ratcliffe has been a fan since childhood
The 71-year-old comes from the Manchester area.
“As a local boy and a lifelong supporter of the club, I am very happy that we have reached an agreement with the Manchester United board that transfers responsibility for managing the football business to us,” Ratcliffe said last year Look at the sports competence in his company.
Manchester United is pleased to confirm that Sir Jim Ratcliffe has completed his 27.7% acquisition of the club, following approval of all conditions, including the FA and the Premier League.#MUFC
— Manchester United (@ManUtd) February 20, 2024
What do you think of this article?
2024-02-20 22:29:35
#Billion #dollar #deal #Sir #Ratcliffe #joins #United
