The Premier League approves the entry of OGC Nice owner Jim Ratcliffe into the capital of Manchester United

2024-02-14 10:43:00

The approval was announced in a notice sent Monday evening to the US Securities and Exchange Commission (SEC).

The green light from the English Football Federation is still missing, and the founder of the petrochemical giant Ineos will officially hold 25% of Man U’s shares and be responsible for the club’s sporting operations.

Ratcliffe, also owner of OGC Nice (French L1) and Lausanne (Swiss championship), agreed just before Christmas with the Glazer family, the American owners, to buy 25% of Manchester’s shares United for 1.02 billion pounds to which is added 238 million investments in the club’s infrastructure (a total equivalent of approximately 1.44 billion euros).

1707908102
#Premier #League #approves #entry #OGC #Nice #owner #Jim #Ratcliffe #capital #Manchester #United