Manchester United share price latest as Sir Jim Ratcliffe completes takeover

The value of Manchester United's shares fell by 8.65 per cent ($1.51) following the announcement that Sir Jim Ratcliffe has bought a 25 per cent stake in the club.

The Premier League and FA gave their approval to the deal on Tuesday. The club and Ratcliffe, whose Ineos group will now run football operations at United, both made statements confirming the deal.

Before he officially owned part of the club, Ratcliffe had already made changes. Omar Berrada is set to become the club's new CEO, having arrived from rivals Manchester City. Berrada will officially begin his role at Old Trafford in the summer.

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United are also hoping to appoint Dan Ashworth as their sporting director. Talks have taken place with the 52-year-old currently on gardening leave from Newcastle United.

But despite all the good work Ratcliffe has done so far, and the excitement of the fans, the people who buy and sell shares aren't as happy. Since Valentine's Day, when United's shares were worth $21.50 each, the price has been falling according to The Mirror.

However, the shares are still worth more than they were before the Glazers said they were thinking about selling the club. Just before they made that announcement, each share was worth $13.13. At close of business on Wednesday, the share price was $15.99, per Yahoo Finance.

After the announcement, the price went up to $22.75. It even reached $26.33 - the highest it's ever been - on February 17, 2023. Since then, the price has gone up and down but hasn't gone above $22 again.

Ratcliffe isn't too