Ratcliffe agrees £1.25bn Man United investment
- Published
British billionaire Sir Jim Ratcliffe has agreed to buy a 25% stake worth about £1.25bn in Manchester United.
As part of the deal, Ratcliffe's Ineos Group will take control of the club's football operations.
Ratcliffe, 71, will also provide $300m (£236m) for future investment into Old Trafford.
The announcement comes 13 months after the club's owners, the Glazer family, stated they were considering selling to "explore strategic alternatives".
