Soccer-Ratcliffe acquisition of Manchester United minority stake completed


Ineos chairman Jim Ratcliffe is pictured at Old Trafford in Manchester, Britain, March 17, 2023 REUTERS/Phil Noble/File Photo

MANCHESTER, England (Reuters) - British billionaire Jim Ratcliffe's acquisition of a 25% stake in Premier League club Manchester United has been completed, putting an end to a 15-month saga.

The $1.25 billion deal, in which the INEOS chairman will also invest $300 million into the club's infrastructure and take charge of their soccer operations, was struck in December and its final approval was mainly a formality.

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