this post was submitted on 24 Dec 2023
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[Club Statement] Man Utd reaches agreement with Sir Jim Ratcliffe. (www.manutd.com)
submitted 10 months ago by missingredient@sh.itjust.works to c/reddevils@lemmy.world
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Manchester United plc reaches agreement for Sir Jim Ratcliffe, Chairman of INEOS, to acquire up to a 25% shareholding in the Company.

Acquisition of 25% of the Class B shares held by the Glazer family

Offer to acquire up to 25% of all Class A shares

The Glazer family and Class A shareholders will receive the same price of $33.00 per share

Further investment of $300 million in the Club

INEOS delegated responsibility for management of football operations

Completion of this deal is subject to receiving all necessary regulatory approvals including from the Premier League

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