British billionaire reported to be looking to acquire only a 25 per cent stake in the Premier League club
Manchester United shares were down as much as 23 per cent on Monday morning after reports that British billionaire Jim Ratcliffe is looking to acquire only a 25 per cent stake in the club.
Ineos chair Jim Ratcliffe would pay over $1.5 billion for the stake in Manchester United if his bid for the soccer club is accepted by the Glazer family that controls it, Reuters reported on Sunday, citing a person familiar with the matter. “Expectations for a flood of fresh funding into Man U's coffers for a new stadium and new players are being revised.”
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