Ratcliffe's Manchester United deal gets Football Association approval, but shares slide

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 ...