Jim Ratcliffe buys minority stake at Man United

British billionaire Jim Ratcliffe will buy minority stake at Manchester United through his company INEOS Sportsrather. Up until couple of months before, he was seeking full control of the club, but for now he will have to settle for small percent of the stakes, Sky News reported on Monday.

Ratcliffe’s INEOS Sports has proposed to the controlling Glazer family a deal that would see it acquiring chunks of both their shares and the Manchester United stock publicly traded on the New York Stock Exchange in equal proportion, the report said.

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Members of the Glazer family own a minority stake in Manchester United and control it through a dual-class share structure.