Manchester United plc reaches agreement for Sir Jim Ratcliffe, Chairman of INEOS, to acquire up to a 25% shareholding in the Company.
Acquisition of 25% of the Class B shares held by the Glazer family
Offer to acquire up to 25% of all Class A shares
The Glazer family and Class A shareholders will receive the same price of $33.00 per share
Further investment of $300 million in the Club
INEOS delegated responsibility for management of football operations
Completion of this deal is subject to receiving all necessary regulatory approvals including from the Premier League
This isn’t going to fix everything, but some changes at the rotten top is going to be better than nothing.
This is a nice Christmas present, cheers Jim
Looking forward to the Glazers reinvesting some of that money they just made back into the club!
