Manchester United Sells 25 Percent Ownership Stake to Jim Ratcliffe
After a year of rumors, offers, final deadlines and final, final deadlines, the owners of Manchester United on Sunday announced that they had sold a minority stake in the team, English soccer’s most successful club, to the British petrochemical billionaire Jim Ratcliffe.The sale of the 25 percent stake in United, the former English and European champion, was confirmed by representatives of United and INEOS, Mr. Ratcliffe’s company. The deal concluded a chaotic process that many of the team’s fans had hoped would end with something far more significant: the departure from the club of the team’s current owners, the Florida-based…
