[Club Statement] Man Utd reaches agreement with Sir Jim Ratcliffe.

https://www.manutd.com/en/news/detail/man-utd-reaches-agreement-for-sir-jim-ratcliffe-to-acquire-25-per-cent-shareholding

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

15 points · 4 comments · view on lemmy.world

4 Comments

IbnLemmy@feddit.uk · 3 pts · 2y

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

Ryan213@lemmy.world · 1 pts · 2y (1 reply)

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

2000mph@lemmy.world · 1 pts · 2y

😂🤣🤣😭

Motecuhzoma@lemmy.world · 1 pts · 2y

This is a nice Christmas present, cheers Jim