Manchester United shares climb as Premier League approves Ratcliffe deal

Core Insights - Manchester United's stock rose 7.5% following the Premier League's approval of Jim Ratcliffe's acquisition of a 25% minority stake in the club [1] - The stock is on track for its largest daily percent increase since November 17, 2023, when it rose 7.87% [1] - Ratcliffe's liquid assets are reported to be in excess of $4 billion [2] Company Overview - Manchester United is the most successful team in the history of the English top division, having won 20 league titles, with 13 of those in the Premier League era since 1992 [2] - The club was founded in 1878 as Newton Heath and became Manchester United in 1902 [2] - Under manager Erik ten Hag, Manchester United won its first silverware in six years by defeating Newcastle United 2-0 in the League Cup final [3] Recent Performance - Manchester United's shares have decreased by 11.7% over the last 52 weeks, contrasting with the S&P 500's gain of 20.2% [3] - The club is currently positioned sixth in the Premier League and recently won against West Ham United with a score of 3-0 [3]