Sir Jim Ratcliffe has completed a deal to purchase a stake in Manchester United which will grant his Ineos company control of football operations at the club. The Ineos founder, chairman, and chief executive has acquired 25 per cent of the Club’s class B shares and 25 per cent of the class A shares. Ratcliffe expressed great honor and responsibility in becoming a co-owner of Manchester United, emphasizing the start of a journey to elevate the club’s position in English, European, and world football, with a focus on enhancing facilities for fans. The investment was officially confirmed after receiving Premier League and Football Association approval. This landmark deal, valued at $1.25 billion, includes an additional $300 million investment into the club’s infrastructure. Co-chairman Joel Glazer welcomed Ratcliffe, expressing enthusiasm for the collaboration to secure a prosperous future for Manchester United. The completion of this agreement marks the conclusion of a significant business saga, positioning Ineos Sport to drive the club towards new heights in the world of football.
Sir Jim Ratcliffe Acquires Stake in Manchester United, Ineos Leading Football Operations, UK
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