Premier League
Sir Jim Ratcliffe’s era officially at Manchester United
Historic day for Manchester United when British billionaire Sir Jim Ratcliffe acquired 25% of the club’s shares from the Glazer family.
After 13 months of negotiations, Sir Jim Ratcliffe acquired 25% of Manchester United’s shares for £1.25 billion (€1.44 billion).
The British billionaire will take charge of the club’s football operations and says he will invest 272 million euros ($300 million) in Old Trafford. At the same time, he made a proposal to acquire a further share of the shares (up to 25%).
In order for the deal to be finalized and formally concluded, it must be approved by all bodies, including the Premier League, as is the case with such deals.
Source: sport 24
Sophia Jhon is a sports journalist and author. He has worked as a news editor for Sportish and is now a sport columnist for the same publication. Alberta’s professional interests lie largely in sports news, with an emphasis on English football. He has also written articles on other sporting topics.