INEOS's Ratcliffe agrees deal to buy 25 percent of Man United
Ratcliffe, the chairperson of petrochemicals giant INEOS, will also provide substantial funds for future investment in the club's Old Trafford stadium.
Manchester United Sport News
Manchester United Agree To Sell 25 Percent Of Club's Stakes To Jim Ratcliffe For GBP 1.25 Billion
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.
Supporters group: United fans have 'mixed feelings' over Ratcliffe investment
The Manchester United Supporters Trust believe fans will be left with "mixed feelings" after Jim Ratcliffe's investment left the Glazers still in overall charge at Old Trafford.
Breaking Man United confirm Jim Ratcliffe investment
Ineos Group chairman Jim Ratcliffe has agreed to buy a 25% stake in Manchester United and inject around €270million into the club, the Red Devils have announced.
Deal! Sir Jim Ratcliffe Resmi Beli 25% Saham MU
Transaksi itu terjadi juga. Manchester United mengumumkan telah sepakat melepas 25% sahamnya ke investor baru, Sir Jim Ratcliffe.
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