British billionaire Jim Ratcliffe expressed his desire to lift Manchester United “to the top of English, European and world football” after completing his purchase of a minority stake in the iconic club on Tuesday. The 71-year-old Ratcliffe paid $1.3 billion for up to 25% of United and has already invested $200 million for additional shares, meaning he owns approximately 27.7%, the club said. United said Ratcliffe intends to invest a further $100 million by Dec. 31 “to enable future investment in infrastructure at Old Trafford.”
British billionaire Jim Ratcliffe said becoming a co-owner of Manchester United is a "great honour" and "responsibility" after his purchase of a minority stake was finalised on Tuesday.
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