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International Business Times
International Business Times
Business
John WEAVER

INEOS's Ratcliffe Agrees Deal To Buy 25 Percent Of Man Utd

Ineos Jim Ratcliffe Manchester United EPL the Premier League Football Jassim Bin Hamad Al Thani Glazers
Manchester United's Old Trafford stadium (Credit: AFP)

INEOS chairman Jim Ratcliffe has agreed a deal to buy a 25 percent stake in Manchester United for about GBP1.25 billion ($1.6 billion) and will take control of the Premier League club's football operations, it was announced on Sunday.

The British billionaire, 71, will also provide $300 million for future investment in the club's Old Trafford stadium.

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