British billionaire Jim Ratcliffe finalised a momentous deal on Sunday, acquiring a long-awaited 25% stake in Manchester United and committing to inject $300 million into the Premier League club to reignite its fortunes. The agreement, marking Ratcliffe’s INEOS group taking charge of the club’s soccer operations, concludes a period of uncertainty following the Glazer family’s Read More…
Tag: Glazer family
Jim Ratcliffe set to acquire 25% stake in Manchester United in $33 per share deal
Reports from Sky News suggest a potential milestone agreement between Manchester United’s American owners, the Glazer family, and British billionaire Jim Ratcliffe. The deal, set at $33 per share, signifies Ratcliffe’s acquisition of a significant 25% stake in the revered English soccer club. This impending deal, expected to be finalised imminently, marks the conclusion of Read More…
Manchester United’s CEO Richard Arnold set to depart as club nears stake sale
Manchester United’s Chief Executive Officer, Richard Arnold, is preparing to exit the club by year-end, marking a departure after a brief two-year tenure. Sources reveal this move aligns with the imminent sale of a minority share to billionaire Sir Jim Ratcliffe within the club’s ownership. According to Sky News, the official announcement of Arnold’s departure Read More…