Manchester United plc has officially announced a significant change in its ownership structure. Sir Jim Ratcliffe, the Chairman of chemical giant INEOS, has agreed to purchase a substantial stake in the football club. The acquisition includes 25 per cent of Manchester United’s Class B shares and a potential 25 per cent of the Class A shares.
This move marks a notable shift in the shareholding pattern of the renowned Premier League club, with Sir Jim Ratcliffe, a prominent businessman, increasing his influence within the organisation. Manchester United, with a rich history in English football, is poised to enter a new phase with this development in its corporate governance.