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Manchester United, Sir Ratcliffe nears finalization of $33 per share stake deal – Reports

The Glazer family, owners of Manchester United, is reportedly nearing the completion of a deal with British billionaire Jim Ratcliffe, where he would acquire a 25% stake in the club at $33 per share, as per Sky News on Friday.

This proposed deal reflects a premium of 79.1% compared to Thursday’s closing stock price of $18.43, giving Manchester United an approximate market capitalization of $3 billion.

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The US-listed shares surged by 8.1% to $19.90 in premarket trading. If accepted, Ratcliffe’s stake would be valued at $1.36 billion, based on a Reuters calculation.

As of now, Manchester United has not provided a response to Reuters’ request for comment. Ratcliffe, also the chair of Ineos, a petrochemicals firm, is expected to pay over $1.5 billion for the 25% stake in United.

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The Glazer family, known for their success in real estate, retail, and healthcare, acquired the club in 2005 for £790 million. The family, controlling 96% of Manchester United’s voting stock, announced last year that they were exploring various options for the club, including new investments or a potential sale.

While the deal is yet to be finalised and remains under negotiation, Sky News reported the progress on Friday.

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Earlier in the week, Manchester United announced the departure of CEO Richard Arnold, with Patrick Stewart, the general counsel and board director, stepping in as interim CEO.

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