2023-12-26 09:05:40
Changes in U.S. stocks | Manchester United rose nearly 11% before the market opened. Britain’s richest man, Jim Ratcliffe, completed the acquisition of 25% of Manchester United’s shares.
2023-12-26 17:05:40
Manchester United (MANU.US) U.S. stocks rose nearly 11% before the market opened, hitting a maximum of $22. On the news, Manchester United Football Club of the United Kingdom announced that Jim Ratcliffe, chairman of the chemical company Ineos Group and the richest man in the United Kingdom, will acquire the shares from the Glazer family, the actual controller of Manchester United Club Company, at a price of US$33 per share. Obtained 25% of Manchester United’s shares and invested an additional US$300 million in Manchester United’s home stadium, Old Trafford. INEOS will acquire the rights to manage the football operations of Manchester United, including two seats on the boards of Manchester United plc and Manchester United Football Club.
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