Manchester United announces completion of deal to sell up to 25% of club to Jim Ratcliffe

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Jim Ratcliffe visits the Ineos oil refinery in Grangemouth, Scotland.

Andy Buchanan | AFP | Getty Images

More than a year after it was put up for sale, Manchester United said Sunday that British billionaire Jim Ratcliffe had bought a minority stake in the storied Premier League club.

Ratcliffe, who owns petrochemicals giant INEOS and is one of Britain’s richest people, has bought a stake of “up to 25%” of the 20-time league champions and will invest $300 million in its Old Trafford stadium.

As part of the deal, United said Ratcliffe would take responsibility for the club’s soccer operations.

This is breaking news. Please check back for updates.

Sumber: www.cnbc.com

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