Sir Jim Ratcliffe

Sir Jim Ratcliffe’s deal to buy a 27.7% stake in Manchester United has been completed. The British billionaire’s investment is worth about $1.6bn (£1.25bn). The Glazer family, who have owned the 20-time English champions since 2005, will retain a majority stake in the club but Ratcliffe’s Ineos Group will take control of football operations. “To become co-owner of Manchester United is a great honour and comes with great responsibility,” said Ratcliffe. “This marks the completion of the transaction, but just the beginning of our journey to take Manchester United back to the top of English, European and world football, with…

British billionaire Sir Jim Ratcliffe’s deal to buy a 25% stake in Manchester United has been approved by the Premier League. The deal, worth about $1.3bn (£1.03bn), is still subject to Football Association approval. Owners the Glazer family will retain a majority stake in the club but Ratcliffe’s Ineos Group will take control of football operations. Premier League approval is contingent on the deal being completed. “The Premier League now awaits confirmation of the transaction’s completion,” the league said in a statement, while confirming Ratcliffe, 71, has also signed the owners’ charter. The deal is the first to be agreed…