ToplineBritish billionaire James Ratcliffe purchased a 25% stake in Premier League team Manchester United on Tuesday, marking the completion of a $1.3 billion deal that comes months after Qatari official Sheikh Jassim bin Hamad Al Thani withdrew a $6 billion bid for the club.A statue of George Best, Denis Law and Bobby Charlton standing outside Old Trafford. (Photo by Mike ... [+] Hewitt/Getty Images)Getty Images Key FactsRatcliffe acquired 25% of United’s Class B and Class A shares as the club’s publicly t ...

Acquisition Details - Sir Jim Ratcliffe completed the acquisition of 25% of Manchester United's Class B shares and 25% of the club's Class A shares, following approvals from the Football Association and the Premier League [1] - Trawlers Limited, owned by Sir Jim Ratcliffe, accepted 13,237,834 Class A shares at $33.00 per share, representing 25% of the total outstanding Class A shares [1] - The proration factor for the tender offer was approximately 26.2% [1] Investment and Ownership - Sir Jim Ratcliffe invested $200 million into Manchester United for additional Class A and Class B shares, resulting in ownership of approximately 27.7% of both share classes [2] - A further $100 million is to be invested by 31 December 2024, aimed at future infrastructure investment at Old Trafford [2] Strategic Vision - Sir Jim Ratcliffe emphasized the responsibility and honor of becoming co-owner, with a focus on returning Manchester United to the top of football globally, including world-class facilities for fans [2] - Joel Glazer welcomed Sir Jim as co-owner and expressed anticipation for collaboration with INEOS Sport to deliver a bright future for the club [2] Company Overview - Manchester United is one of the most popular and successful sports teams globally, with a 146-year heritage and 67 trophies [3] - The club has a global community of 1.1 billion fans and followers, generating significant revenue from sponsorship, merchandising, licensing, broadcasting, and matchday initiatives [3] - The revenue streams enable continuous reinvestment in the club [3]

Manchester United has clinched approval from the Football Association for British billionaire Sir Jim Ratcliffe’s acquisition of a 25% minority stake in the iconic English club, although its shares tumbled in premarket trades Thursday. Shares of operator Manchester United Ltd. MANU fell 15.6%, putting the stock on pace to snap a two-day winning streak. A... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe N ...

Manchester United (MANU) shares ended the last trading session 8.7% higher at $21.31. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7.6% loss over the past four weeks.Manchester United's shares rose as James A. Ratcliffe, Chairman of INEOS, prolonged the deadline for his tender offer to buy up to 13.2 million Class A ordinary shares of the club. Originally scheduled to end on Feb 13, 2024, the offer has now been ...

FORT ANNE, Isle of Man--(BUSINESS WIRE)--On February 12, 2024, Trawlers Limited (“Purchaser”), a company limited by shares incorporated under the laws of the Isle of Man and wholly owned by James A. Ratcliffe, a natural person (an “Offeror” and together with the Purchaser, the “Offerors”) announced that the Offerors have extended the expiration date of their previously announced tender offer (the “Offer”) to purchase up to 13,237,834 Class A ordinary shares, par value $0.0005 per share (“Class A Shares”), o ...

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Manchester United’s stock climbed Tuesday as the Premier League approved British billionaire Jim Ratcliffe’s acquisition of a 25% minority stake in the iconic English club.Shares of operator Manchester United Ltd. MANU, +7.83% rose 7.5%, while the S&P 500 index SPX declined 1%. The stock is on pace for its largest daily percent increase since Nov. 17, 2023, when it rose 7.87%, Dow Jones Market Data show.Ratcliffe, the chief executive of the chemical giant Ineos, reached an agreement to buy 25% of the club f ...

Manchester United plc (MANU) has chosen SCAYLE to be its official e-commerce platform partner, which is expected to launch later this year.The company entered into this partnership hoping to house the most modern e-commerce platform in the industry, which is subject to continuous enhancements post launch. The ongoing evolution of the new platform aligns with the company’s goal of offering a top-tier direct-to-consumer experience for its global fan base.Moreover, in consideration of its fans’ satisfactory el ...

MANCHESTER, England--(BUSINESS WIRE)--Manchester United has today announced it has chosen SCAYLE as its official e-commerce platform partner, ensuring United has one of the most modern commerce platforms in the industry. The club’s new e-commerce experience will launch later this year and continue to be evolved in alignment with the club’s ambition of delivering a best in class direct-to-consumer experience for its global fan base. SCAYLE is one of the fastest-growing enterprise e-commerce platforms in t ...

MANCHESTER, England--(BUSINESS WIRE)--Manchester United (NYSE: MANU; the “Company” and the “Group”) – one of the most popular and successful sports teams in the world – is pleased to announce the appointment of Omar Berrada as its new Chief Executive Officer. The Club is determined to put football and performance on the pitch back at the heart of everything we do. Omar’s appointment represents the first step on this journey. As one of the most experienced football executives at the top of European footbal ...