Manchester United: Ratcliffe poised for $33-a-share stake in the Red Devils

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Added 5 months ago by XaniaNews

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Sir Jim Ratcliffe and the Glazer family are on the brink of finalising a $33-a-share deal that will see the petrochemicals tycoon acquiring a 25% stake in Manchester United Football Club.

Sky News can reveal that months of talks between the Ineos billionaire and the Red Devils' controlling investors for the last 18 years have settled on a price of roughly $33-a-share.

If confirmed, it would represent a premium of more than 75% to Thursday's New York Stock Exchange closing price of $18.43, which gave the Old Trafford club a market capitalisation of $3.04bn (£2.44bn).

Read more: https://news.sky.com/story/ratcliffe-poised-for-33-a-share-stake-in-manchester-united-13010176

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Category: News and politics
Tags: sky news latest, sky news, Manchester United

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