Manchester United plc reaches agreement for Sir Jim Ratcliffe, Chairman of INEOS, to acquire up to a 25% shareholding in the Company.
Acquisition of 25% of the Class B shares held by the Glazer family
Offer to acquire up to 25% of all Class A shares
The Glazer family and Class A shareholders will receive the same price of $33.00 per share
Further investment of $300 million in the Club
INEOS delegated responsibility for management of football operations
Completion of this deal is subject to receiving all necessary regulatory approvals including from the Premier League
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As part of the transaction, INEOS has accepted a request by the Board to be delegated responsibility for the management of the Club’s football operations. This will include all aspects of the men's and women's football operations and Academies, alongside two seats on the Manchester United PLC board and the Manchester United Football Club boards.