Manchester United pronounces completion of deal to promote as much as 25% of membership to Jim Ratcliffe

MANCHESTER, England — More than a 12 months after it was put up on the market, Manchester United mentioned Sunday that British billionaire Jim Ratcliffe had purchased a minority stake within the storied Premier League membership.

Ratcliffe, who owns petrochemicals big INEOS and is one in every of Britain’s richest folks, has purchased a stake of “up to 25%” of the 20-time league champions and can make investments $300 million in its Old Trafford stadium.

As a part of the deal, United mentioned Ratcliffe would take duty for the membership’s soccer operations.