Manchester United, the big announcement

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By: Manu Tournoux

Manchester United announces this Sunday the upcoming purchase of 25% of its capital by Jim Ratcliffe.

The boss of Ineos, also owner of OGC Nice, has reached an agreement with the Red Devils board to acquire a quarter of the Mancunian institution. A deal which remains subject to approval by the Premier League to this day.

Sir Jim Ratcliffe to acquire 25% of Manchester United’s Class B shares and up to 25% of Manchester United’s Class A shares and provide an additional $300 million to enable future investment at Old Traffordwe can read in an official United press release. Completion of this agreement is subject to obtaining all necessary regulatory approvals, including from the Premier League. »

We are here for the long term and recognize that many challenges and hard work lie ahead, which we will approach with rigor, professionalism and passionreacts Jim Ratcliffe. We are committed to working with everyone at the club – the board, staff, players and supporters – to help the club move forward. Our shared ambition is clear: we all want to see Manchester United where they belong, at the top of English, European and world football. »