British Billionaire Sir Jim Ratclifee is now the co-owner of Manchester United soccer team.
Sir Jim Ratcliffe made most of his money from petrochemicals and has been a fan of Manchester united for many years. He will now own a quarter share in the club after he successfully completed 27.7% acquisition. His acquisition was approved by Premier League and FA.
The British billionaire paid £1 billion for his share of the club.Previously, Man U was owned by the Glazers. Now there are new owners on board.
‘This marks the completion of the transaction, but just the beginning of our journey to take Manchester United back to the top of English, European and world football, with world-class facilities for our fans. Work to achieve those objectives will accelerate from today.’
‘I would like to welcome Sir Jim as co-owner and look forward to working closely with him and INEOS Sport to deliver a bright future for Manchester United.’ co-chairman Joel Glazer said.
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