Manchester United nears $33 per share stake deal with Ratcliffe - Sky News
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Ineos chairman Jim Ratcliffe is pictured at Old Trafford in Manchester, Britain, March 17, 2023 REUTERS/Phil Noble/File Photo
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Manchester United's American owners, the Glazer family, are set to finalise a $33 per share deal with Jim Ratcliffe that will see the British billionaire acquire a 25% stake in the English soccer club, Sky News reported on Friday.
Its U.S.-listed shares jumped 5% in premarket trading. The club did not immediately respond to a Reuters request for comment.
The Glazer family had last year said they were looking at options for the 20-times English champions, including a new investment or a potential sale.
The deal was yet to be finalised and remained the subject of ongoing negotiations, Sky News reported. REUTERS
