Ratcliffe Wins the Bidding War

Ratcliffe Wins the Bidding War

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  • Billionaire Jim Ratcliffe has successfully acquired a 25% stake in Manchester United through his chemical conglomerate Ineos Group, putting an end to a competitive bidding war that involved petro-states and hedge funds. The purchase, valued at $33 per share, totals approximately $5.4 billion, falling short of the initial expectations set at $6 billion. Ratcliffe, among Britain’s wealthiest individuals, will invest $300 million into the club, gaining two board seats.
  • This landmark deal concludes a year-long sales process initiated by the Glazer family, the club’s previous owners. Ratcliffe emerged as the front-runner, ultimately surpassing a rival offer from Sheikh Jassim bin Hamad Al Thani. The Qatari group withdrew its bid in October, stating it wouldn't overpay for the club, leaving Ratcliffe in a winning position. Ratcliffe's victory solidifies his intent to build a personal sporting empire, adding to his ownership of France’s OGC Nice, cycling group Team Sky, and a stake in the Mercedes-AMG Petronas Formula One team.

Why it matters

Despite the success, the Glazer family's decision to retain control of the club is likely to upset fans who have long protested against their ownership. Ratcliffe's challenge will be to rejuvenate a club that has faced years of underperformance and address fan discontent, aiming to restore Manchester United to its former glory.


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