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)
Location
United Kingdom
Transaction Type
Growth capital

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