Co-owner Ratcliffe Increases Manchester United Stake [Barron's]
Manchester United Ltd. Class A Ordinary Shares (MANU)
Last manchester united ltd. class a ordinary shares earnings: 2/25 07:00 am
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Source: Barrons
On Christmas Eve last year it was announced the British billionaire businessman, the chairman of chemicals company INEOS, had agreed a deal to buy 25 percent of the club, including investing a further $300 million (£238 million) into infrastructure on top of his $1.3billion purchase price. That deal was ratified in February and the US Securities and Exchange Commission has confirmed the final $100 million (£79.3 million) was paid on Wednesday. The SEC filing published Thursday also confirmed that all of Ratcliffe's shares in United are being transferred to INEOS from Trawlers Ltd, which bought the stake from the US-based Glazer family, who remain the club's majority owners. With INEOS now in charge of United's football operations, Ratcliffe has made what he calls "difficult and unpopular decisions" since becoming co-owner at a club he felt had become "mediocre". Some 250 members of staff have left, while former United manager Alex Ferguson is being stripped of his ambassadori
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MANU
Earnings
- 11/26/24 - Beat
MANU
Sec Filings
- 12/19/24 - Form SCHEDULE
- 11/27/24 - Form 6-K
- 11/26/24 - Form 6-K
- MANU's page on the SEC website