Advertisements
Detailed Sir Jim deal
Here’s what the deal between Sir Jim Ratcliffe and Manchester United involves:
- Acquisition of 25 per cent of the Class B shares held by the Glazer family
- Offer to acquire up to 25 per cent of all Class A shares
- The Glazer family and Class A shareholders will receive the same price of $33 (£26) per share
- Further investment of $300million (£236m) 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
Sir Jim Ratcliffe takeover confirmed
Sir Jim Ratcliffe has finally completed his 25 per cent takeover of Manchester United.
Ratcliffe has completed a deal worth about £1.25billion with the Glazers.
Sir Jim is now expected to be in charge of football operations at Old Trafford.
This poses as the dawn of a new era for the Red Devils!