Manchester United said it could coerce Jim Ratcliffe under certain circumstances to divest his ownership in the British football club at least 18 months after the billionaire closes his acquisition of a 25 per cent stake in the company. It made the disclosure in a regulatory filing on Tuesday (Dec 26), but did not specify the circumstances. Manchester United's filing.
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.
LONDON: British billionaire Sir Jim Ratcliffe has agreed to buy a 25% stake worth about £1.25bn in Manchester United, BBC reported.As part of the deal, Ratcliffe’s Ineos Group will take.