At old trafford
Image Source: IANS
Ratcliffe Completes Manchester United Share Acquisition To Become Co-owner
New York Stock Exchange: Sir Jim Ratcliffe's deal to buy a 27.7% stake in Manchester United has been completed, following the satisfaction of all conditions, including approvals from the Football Association and the Premier League, the club said.
The 71-year-old Ratcliffe has completed his acquisition of 25% of the club’s Class B shares, largely held by the Glazer family, which contain almost all the voting rights, and 25% of the club’s Class A shares, which are listed on the New York Stock Exchange.
"Following the closing of the Offer and the acquisition of the Class B shares, Sir Jim has invested $200 million into the club for additional Class A and Class B shares via a primary issuance, resulting in ownership of approximately 27.7% of the club’s Class A shares and 27.7% of the club’s Class B shares, with a further $100 million to be invested by 31 December 2024. These funds are intended to enable future investment in infrastructure at Old Trafford," the club statement read.
Advertisement
Related Cricket News on At old trafford
Cricket Special Today
-
- 18 Dec 2024 02:20
-
- 20 Nov 2024 09:20
-
- 05 Oct 2024 01:56
-
- 02 Oct 2024 09:13
-
- 13 Sep 2024 12:23
-
- 10 Sep 2024 12:01