Man United nears sale of 25% stake to Jim Ratcliffe for $33 a share -Sky News

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Reuters UK

(Reuters) -Manchester United’s American owners, the Glazer family, are set to finalise a $33 per share deal with Jim Ratcliffe that will see the British billionaire acquire a 25% stake in the English soccer club, Sky News reported on Friday. The deal, which could be confirmed later on Friday, will bring to an end a year-long sale process. The Glazer family announced last November that they were exploring “strategic alternatives” for the club, including a possible sale and were open to fresh investment. Ratcliffe’s offer represents a premium of 79.1% to the stock’s Thursday closing price of $18…

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