Sir Jim Ratcliffe has officially acquired a minority stake in Manchester United, as announced by the club on Tuesday. The British billionaire, aged 71, has purchased 25% of the Premier League club in a deal valued at £1.03 billion ($1.3bn). Additionally, he has committed to injecting a further £236 million ($297.88m) in future investments.
The agreement, disclosed on Christmas Eve, received approval from both the Premier League and the Football Association last week. With all final matters now resolved, Ratcliffe and his team, led by INEOS director of sport Sir Dave Brailsford, are set to commence their duties at Old Trafford.
