NEW DELHI: British billionaire Jim Ratcliffe on Sunday struck a long awaited deal to buy a 25 percent stake (at a reported 1.6 billion) in Premier League club Manchester United and pledged to invest $300 million in the club to try to revive its fortunes.
The deal, which will also see Ratcliffe's INEOS group take over management of the club's football operations, ends more than a year of uncertainty after majority owners, the Glazer family, said in November 2022 they were looking at strategic options.
