this post was submitted on 24 Dec 2023
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16
[Club Statement] Man Utd reaches agreement with Sir Jim Ratcliffe. (www.manutd.com)
submitted 10 months ago by [email protected] to c/[email protected]
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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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[–] [email protected] 3 points 10 months ago

This isn't going to fix everything, but some changes at the rotten top is going to be better than nothing.

[–] [email protected] 1 points 10 months ago

This is a nice Christmas present, cheers Jim

[–] [email protected] 1 points 10 months ago* (last edited 10 months ago)

Looking forward to the Glazers reinvesting some of that money they just made back into the club!