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News Sport
Ratcliffe completes Manchester United deal infographic
Graphic shows details of Sir Jim Ratcliffe’s deal with Man Utd, and previous sporting ventures by Ratcliffe and Ineos.
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SOCCER

Sir Jim Ratcliffe completes $1.6bn Manchester United deal

By Chris Dinsdale

February 21, 2024 - British billionaire Sir Jim Ratcliffe has completed a $1.6bn deal to buy a 27.7% minority stake in Manchester United -- Ratcliffe’s Ineos Group will take control of football operations at the club.

The deal for Manchester United includes Ratcliffe’s acquisition of 25% class B shares -- largely held by the Glazer family and containing almost all voting rights -- and 25% class A shares. Furthermore, investment commitments are promised, detailing $300m for future stadium improvements at Old Trafford -- $200m initially and a further $100m by the end of 2024 -- elevating Radcliffe’s shares to 28.9%.

Manchester-born Ratcliffe is founder and majority owner of British petrochemicals empire Ineos. Previous sporting ventures include purchases of Lausanne-Sport and Nice football clubs, alongside multiple partnerships in sailing, F1, cycling, rugby and athletics through the Ineos brand.

Sources
PUBLISHED: 21/02/2024; STORY: Graphic News; PICTURES: Getty Images
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