British billionaire Sir Jim Ratcliffe has agreed to buy a 25% stake in Manchester United. The stake is valued at about $1.3 billion (£1.03 billion). The English Premier League club announced on Sunday that it had reached an agreement with the billionaire to buy the 25% stake. Based on the agreement reached on the deal, despite buying only 255 stake, Ratcliffe's Ineos Group will take control of football operations.