Manchester United And Trawlers Announce The Successful Completion Of Sir Jim Ratcliffe's Minority Investment Of 25% Of The Club's Class B Shares And 25% Of The Club's Class A Shares
Portfolio Pulse from Happy Mohamed
Sir Jim Ratcliffe, through Trawlers Limited, has completed the acquisition of 25% of Manchester United plc's (NYSE:MANU) Class A and Class B shares. The transaction included a tender offer for Class A shares at $33.00 each, with Ratcliffe ultimately investing $200 million for additional shares, raising his total ownership to approximately 27.7% in both share classes. An additional $100 million investment is planned by the end of 2024 to support infrastructure improvements at Old Trafford.
February 20, 2024 | 9:49 pm
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Sir Jim Ratcliffe's acquisition of 25% of Manchester United's Class A and B shares, with a total investment of $200 million and an additional $100 million planned, signifies a significant financial infusion and potential strategic shift for the club.
The completion of this acquisition and the planned future investment are likely to be viewed positively by investors and fans, indicating a strong commitment to the club's success and potential for future growth. This could lead to increased investor confidence and a positive impact on MANU's stock price in the short term.
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