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MANCHESTER, England : Jim Ratcliffe becoming a minority shareholder in Manchester United finally ended the drawn-out ownership saga and while the deal will not give supporters their desired clean break from the unpopular Glazer family, it signals a fresh start for the club.
Ratcliffe, the chairperson of petrochemicals giant INEOS, will also provide substantial funds for future investment in the club's Old Trafford stadium.
INEOS chairman Jim Ratcliffe has agreed a deal to buy a 25 percent stake in Manchester United for about £1.25 billion ($1.6 billion) and will take control of the Premier League club's football operations, it was announced on Sunday. The British billionaire, 71, will also provide $300 million for future investment in the club's Old Trafford stadium. A club statement said: "Manchester United announces that it has entered into an agreement under which chairman of INEOS, Sir Jim Ratcliffe, will acquire 25 percent of Manchester United's Class B shares and up to 25 percent of Manchester United's Class A shares and provide an additional $300 million intended to enable future investment into Old Trafford.
British heavyweight Anthony Joshua rolled back the years as he overpowered Otto Wallin at Riyadh's Kingdom Arena.
Manchester United have confirmed they have agreed to sell a minority stake to Sir Jim Ratcliffe, with the INEOS chairman also committed to investing another $300 million into the club.
Sir Jim Ratcliffe is set to step into the boardroom at Old Trafford after agreeing to purchase a 25 per cent stake in the club.
Wolves inflicted a fourth defeat in six matches on Chelsea on Sunday, beating the London side 2-1 in the first Christmas Eve Premier League match since 1995. Mauricio Pochettino's men dominated possession at Molineux but wasted their chances in a captivating game, littered with careless mistakes by the visiting side. Mario Lemina and Matt Doherty put Wolves 2-0 in front but they were made to sweat when Christopher Nkunku pulled one back on his Premier League debut.
Liverpool’s Brazilian goalkeeper #01 Alisson Becker (L) attempts to stop the ball controlled by Arsenal’s English midfielder #07 Bukayo Saka during the English Premier League football match between Liverpool and Arsenal at Anfield in Liverpool, north west England on December 23, 2023. (Photo by Paul ELLIS / AFP)