Jim Ratcliffe to Acquire 25% Stake in Manchester United

The deal, valued at $5.4 billion excluding debt, will result in major changes to the club's management and operations.

Jim Ratcliffe, British billionaire and chairman of Ineos, is set to acquire a 25% stake in Manchester United for $33 per share, a 79.1% premium on the stock's closing price.
The deal values Manchester United at about $5.4 billion excluding debt, similar to the valuation of Premier League rival Chelsea.
Ratcliffe plans to overhaul the club's football operations, which have underperformed since the retirement of former manager Sir Alex Ferguson in 2013.
The deal does not end the Glazer family's ownership, but it will result in major changes to the club's management, with several executives expected to leave.
Ratcliffe is expected to take control of the club's player recruitment, a key area where the Glazer family has faced criticism.