Manchester United states British billionaire Jim Ratcliffe hasactually finished his purchase of a minority stake in the club
ByThe Associated Press
February 20, 2024, 4: 24 PM
MANCHESTER, England — British billionaire Jim Ratcliffe revealed his desire to lift Manchester United “to the leading of English, European and world football” after finishing his purchase of a minority stake in the renowned club on Tuesday.
The 71-year-old Ratcliffe paid $1.3 billion for up to 25% of United and has currently invested $200 million for extra shares, significance he owns around 27.7%, the club stated.
United stated Ratcliffe means to invest a evenmore $100 million by Dec. 31 “to makeitpossiblefor future financialinvestment in facilities at Old Trafford.”
The offer had currently been authorized by the English Football Association while the Premier League hasactually cleared Ratcliffe to take up a minority share under its guidelines relatingto who is enabled to be an owner or director of a soccer club.
Ratcliffe is one of Britain’s wealthiest peo