British billionaire Sir Jim Ratcliffe has agreed to buy a 25% stake in Manchester United for about $1.3bn. Ratcliffe’s Ineos Group will take control of football operations. The 71-year-old will also provide $300m (£236m) for future investment into the club’s Old Trafford stadium.
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Qatari banker Sheikh Jassim bin Hamad Al Thani has withdrawn from the process to buy Manchester United. Sheikh Jassim had bid £5bn for the club but further talks this week have broken down. The Glazer family, who bought United for £790m in 2005, announced in November 2022 they were considering selling.
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The Glazer family are open to selling Manchester United. The American owners are willing to listen to offers for the club they bought in a controversial leveraged buyout 17 years ago. If the club is sold, it is expected to be purchased by US investors.
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