British Billionaire Acquires 25% Stake in Manchester United
British billionaire Jim Ratcliffe has agreed to buy a 25% stake in Manchester United Manchester United, a prestigious English professional football club, for 1.03 billion pounds about 1.7047 trillion won. Manchester United announced on its official website on the 25th that "Ratcliffe has agreed to take over up to 25% of the company." According to Manchester United, Ratcliffe will acquire up to 25 percent of Class B shares and 25 percent of Class A shares previously held by the Glazer family. Both the Glazer family and Class A shareholders will receive 33 dollars per share. The deal will be finalized after approval by the Premier League secretariat and others. Apart from the acquisition of the stake, Ratcliffe has also decided to invest 300 million dollars at Old Trafford, Manchester United's home stadium. Manchester United was previously acquired by Malcolm Glazer, an American sports tycoon, in 2005. Since Malcolm's death in 2014, his children have been co-owners. A...