Sports

Manchester United Saga Ends With $1.3 Billion Ratcliffe Deal

Ratcliffe will pay $33 a share for a 25% stake in the club
New investors will put in $300 million to redevelop team

Sir Jim Ratcliffe at Old Trafford.Photographer: Peter Byrne/PA Images/Getty Images

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By Giles Turner and David Hellier

December 24, 2023 at 3:19 PM UTC

Updated on

December 24, 2023 at 4:00 PM UTC

This article is for subscribers only.

Billionaire Jim Ratcliffe has completed the purchase of a stake in Manchester United, defeating rival bids from petro-states and hedge funds and ending a bidding war marked by hype and rancor.

Through his chemical conglomerate Ineos Group, Ratcliffe will pay $33 a share for a 25% stake in the club, valuing the club at about $5.4 billion, falling below initial hopes of $6 billion.