Manchester United Reaches Agreement for Sir Jim Ratcliffe (INEOS) to Acquire Up to a 25% Stake
December 24, 2023
Manchester United plc has entered into an agreement under which Sir Jim Ratcliffe, Chairman of INEOS, will acquire 25% of the company’s Class B shares and up to 25% of its Class A shares via a cash tender offer at $33.00 per share. Ratcliffe’s vehicle, Trawlers Limited, will also provide an additional $300 million intended to enable future investment into Old Trafford, subject to regulatory and shareholder approvals.
- Buyers
- Trawlers Limited, INEOS (through Sir Jim Ratcliffe)
- Targets
- Manchester United plc
- Sellers
- Glazer family members and affiliates (Class B shareholders)
- Industry
- Media & Entertainment
- Location
- United Kingdom
- Transaction Type
- Growth capital
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