[Club Statement] Man Utd reaches agreement with Sir Jim Ratcliffe.
Club statement
https://www.manutd.com/en/news/detail/man-utd-reaches-agreement-for-sir-jim-ratcliffe-to-acquire-25-per-cent-shareholding
Sir Jim Ratcliffe to acquire up to a 25% shareholding in Manchester United.
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