Manchester United shares climb as Premier League approves Ratcliffe deal

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 ...