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reddevils·Red Devilsbymgh

[Club Statement] Man Utd reaches agreement with Sir Jim Ratcliffe.

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

[Club Statement] Man Utd reaches agreement with Sir Jim Ratcliffe.https://www.manutd.com/en/news/detail/man-utd-reaches-agreement-for-sir-jim-ratcliffe-to-acquire-25-per-cent-shareholdingOpen linkView original on sh.itjust.works
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IbnLemmy
feddit.uk

This isn't going to fix everything, but some changes at the rotten top is going to be better than nothing.

3
ryan213
lemmy.world

Looking forward to the Glazers reinvesting some of that money they just made back into the club!

1

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[Club Statement] Man Utd reaches agreement with Sir Jim Ratcliffe. | Spyke