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
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
Looking forward to the Glazers reinvesting some of that money they just made back into the club!
2000mph@lemmy.world · 1 pts · 2y
😂🤣🤣ðŸ˜
Motecuhzoma@lemmy.world · 1 pts · 2y
This is a nice Christmas present, cheers Jim