Manchester United announced on Sunday (24) the sale of 25 % of the club to the billionaire Jim Ratcliffe. The English man, the owner of the petrochemicals, and the richest man in the United Kingdom, purchased the shares of 1.25 billion pounds, about 7.7 billion dollars.
With investment, it will have full control of the Red Devils Football Department. According to the note released, there will remain a 1.4 billion dollars contribution to the Old Trafford Stadium.
The GLAZER family, which was criticized by many fans, follows the main contributor to Manchester United, but loses power inside football. The team was eliminated in the group stage of the Champions League and is in eighth place in the English Premier League.
As a local boy from Manchester and Long -Time -Time Club, I am very pleased to reach this deal with Manchester United Directation, who has authorized us the responsibility of managing the club's football. Despite the commercial success that has always received money from us to win titles from the highest level, these capabilities have not been reached recently.
The deal should still be approved by the Premier League and other UK's inspection bodies.
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Amelia Kensington is a contributor to Mediarunsearch.co.uk, covering a wide range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and useful information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, presenting complex topics in an accessible and engaging way while maintaining a strong commitment to accuracy and relevance.