Sky Sports News chief reporter Kaveh Solhekol explains what Sir Jim Ratcliffe's acquisition of 25 per cent of Manchester United could mean for the club moving forward...
Sky Sports News chief reporter Kaveh Solhekol explains what Sir Jim Ratcliffe 's acquisition of 25 per cent of Manchester United could mean for the club moving forward... Has the deal been fully rubber-stamped?It is quite complicated, they are buying 25 per cent of the Class B shares owned by the Glazer family.
Now these are super-voting shares, so although the Glazers only own 69 per cent of Manchester United, their shares come with voting rights, which means, effectively, they own 97 per cent of the club. They can make all the big decisions. Ratcliffe and INEOS have bought 25 per cent of those shares, and they have also offered to buy 25 per cent of the Class A shares - they are the ones that are listed and traded on the New York Stock Exchange. They are offering $33 a share, which is around £26, the same that they are offering to the Glazers as well, and the Board is recommending the shareholders on the New York Stock Exchange accept that offer of $33 a share, because that is far more than they have been trading a
Manchester United Shares Acquisition Sir Jim Ratcliffe Glazer Family INEOS Voting Rights New York Stock Exchange
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
INEOS Buys 25% of Manchester UnitedSir Jim Ratcliffe's company INEOS has acquired a 25% stake in Manchester United, bringing fresh impetus to the club and introducing outside investment for the first time under the Glazers.
Read more »
Manchester United fans' calls for full sale go unansweredManchester United fans are disappointed as the Glazers refuse to sell the club despite calls for a full sale. Only 25% of the club is being sold to INEOS founder Sir Jim Ratcliffe. The fans' voices seem to have little impact on the ownership decisions at Old Trafford.
Read more »
Sir Keir Starmer's praise for Margaret Thatcher described as an "insult" to working-class ScotsFormer Labour MSP Neil Findlay criticizes Sir Keir Starmer's praise for Margaret Thatcher, calling it an insult to working-class Scots who suffered from her policies.
Read more »
David Beckham's Desire to Become a SirDavid Beckham has a long-harboured desire to become a Sir and sees it as the ultimate honour from his country for everything he’s done.
Read more »
Liverpool Beats Manchester United for the First Time in WSL HistoryLiverpool came from behind to secure a 2-1 victory against Manchester United in the WSL. Ella Toone scored early for Man Utd, but Liverpool equalized through Emma Koivisto. Koivisto's goal should have been disallowed as it hit her arm, but officials missed the infringement.
Read more »
New Year's Eve Firework Display to Light Up Manchester SkyA spectacular New Year's Eve firework display is set to once again light up the night sky over Manchester with the city's first such celebration event since Covid.
Read more »