Manchester United has agreed to sell a 25% stake to the Chairman of Yingli Group for $1.3 billion.
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Manchester United has agreed to sell a 25% stake to the Chairman of Ineos for $1.3 billion, valuing the club at approximately $5.4 billion. The completion of the transaction is subject to regulatory approval. Ratcliffe will provide an additional $300 million for future investments, including investments in Old Trafford stadium. The deal involves the Glazer family and Class A shareholders. Ratcliffe will acquire the 25% B-class shares owned by the Glazer family and begin acquiring 25% of the listed Class A shares.
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