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Tag: Jim Ratcliffe

British Billionaire Strikes Deal to Acquire Minority Stake in Manchester United
24Dec By adminNo Comments
Money

British Billionaire Strikes Deal to Acquire Minority Stake in Manchester United

Updated Dec. 24, 2023 11:47 am ETBritish billionaire Jim Ratcliffe agreed to buy a minority stake in Manchester United in a deal that values the renowned soccer club at around $6.3 billion including debt and ends more than a yearlong sales process.Manchester United said Ratcliffe will buy 25% of Manchester United’s nonvoting shares, which are listed on the New York Stock Exchange and last traded at close to $20. He will pay $33 a share, the club said Sunday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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British Billionaire Strikes Deal to Acquire Minority Stake in Manchester United
24Dec By adminNo Comments
World

British Billionaire Strikes Deal to Acquire Minority Stake in Manchester United

Updated Dec. 24, 2023 10:58 am ETBritish billionaire Jim Ratcliffe has struck an agreement to buy a minority stake in Manchester United in a deal that values the renowned soccer club at around $6.3 billion including debt and ends more than a yearlong sales process.The deal is expected to be announced later Sunday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Manchester United Shareholders May Have Scored After All
18Oct By adminNo Comments
Money

Manchester United Shareholders May Have Scored After All

Manchester United shareholders are acting like despondent soccer fans after video-refereeing technology disallows a goal. Yet they might still win the match.The British soccer club’s publicly traded Class A shares have lost roughly 10% of their value since the weekend, when it was widely reported that British billionaire Jim Ratcliffe is in talks to buy a 25% stake through his petrochemical company Ineos. The other bidder, Sheikh Jassim Bin Hamad al-Thani, chairman of Qatar Islamic Bank, dropped out.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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