24-12-23, 17:05
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re: Jim Ratcliffe Secures 25% Stake in Man United & Takes Control of Football Operations
Sir Jim Ratcliffe Agrees Deal to Buy 25% Stake in Manchester United
Jim Ratcliffe - Boyhood Fan Has Bought 25 Per Cent of Manchester United
Daily Mail 24 DEC 2023
Sir Jim Ratcliffe has become part owner of Manchester United as one of the UK’s richest men has bought a 25 per cent stake in the club he supported as a boy.
The billionaire has bought a share in the Old Trafford club, worth a reported £1.25billion, after Sheikh Jassim bin Hamad Al Thani withdrew his interest to end a lengthy process where he tried to buy the club outright.
The 71-year-old has a reported net worth £12.5billion thanks to the success of global chemical company Ineos, which has enjoyed exponential growth since he founded it in 1998, and will assume delegated responsibility for the club’s football operations.
He will also invest an additional 300 million US dollars (£236.7million) into the club’s infrastructure.
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