An American tourist steals a mug of beer from a tavern in Munich and admits it...50 years later
Madagascar calls for replacement of EU ambassador
Chinese journalist released from prison four years after denouncing China's handling of Covid
“Russian law” adopted in Georgia: Europeans alongside the streets
Suicide attempts and self-harm on the rise among young girls
In Europe, 10,000 people die every day from cardiovascular disease
Brussels raises Spanish GDP forecasts to 2.1% and foresees a deficit of 3% in 2024
Inflation rises to 3.3% in April due to gas and food
Parisian owners of electric SUVs will have to pay a residential parking rate from October 1
Saint-Denis-Pleyel station, “a little Châtelet north of Paris”, ready to open before the Olympic Games
Comedian Guillaume Meurice, still “banned from the air”, awaits his possible sanction
GTA 6: the event video game will be released in fall 2025
The Le Bon Air festival deprograms the DJ I Hate Models for a private jet story
A golden reward for Yasmina Reza
Cannes: a demonstration of the precarious of cinema above the red carpet
Magician David Copperfield accused of sexual violence by sixteen women
Omoda 7, another Chinese car that could be manufactured in Spain
BYD chooses CA Auto Bank as financial partner in Spain
Tesla and Baidu sign key agreement to boost development of autonomous driving
Skoda Kodiaq 2024: a 'beast' plug-in hybrid SUV
The home mortgage firm rises 3.8% in February and the average interest moderates to 3.33%
This is how housing prices have changed in Spain in the last decade
The home mortgage firm drops 10% in January and interest soars to 3.46%
The jewel of the Rocío de Nagüeles urbanization: a dream villa in Marbella
Europeans: between the RN and the “euro-gagas”, the communist Léon Deffontaines dreams of breaking through to the left
Europeans: professor threatened with death Didier Lemaire shows his support for François-Xavier Bellamy
LFI: Manon Aubry places social issues at the center of her European campaign
Diving into the secrets of the National Assembly
These French cities that will boycott the World Cup in Qatar
Athletics: Mélina Robert-Michon improves her best mark of the season at the Montreuil meeting
Calendar, Mbappé in Madrid, Milanese in Australia: what awaits the Blues between now and the Euro
French team: Warren Zaire-Emery forced to postpone his baccalaureate... to participate in the Euro
French team: “The situation in my head was clear”, Deschamps explains Kanté’s return
The entry of British billionaire Jim Ratcliffe, boss of the petrochemical giant Inéos, into the capital of Manchester United has been officially approved, the English club announced on Tuesday.
The 71-year-old businessman “finalized the acquisition” of 25% of the club’s shares, according to the terms of the agreement reached, “after having satisfied all the conditions, including the approvals of the English federation and the Premier League,” said a press release.
Ratcliffe invested an additional $200 million (around 185 million euros) to increase its equity portfolio, bringing its commitment to “around 27.7%”, it is specified.
It should also put an additional 100 million (92 million euros) by December 31, 2024, an envelope intended for “future investments in the infrastructure of Old Trafford”, the Red Devils stadium. This would then bring its commitment to 28.9%.
“Becoming a co-owner of Manchester United is a great honor and comes with great responsibility,” commented Ratcliff, quoted in the press release.
Tuesday's outcome “marks the completion of the transaction, but it is only the start of our journey to return Manchester United to the pinnacle of English, European and world football, with world-class facilities for our supporters. The work to achieve these objectives will accelerate from today,” he added.
This marks the end of a long series that began in November 2022 when the Glazer family, American owner of the famous English team, announced that they were studying a total or partial sale of the club.
Ratcliffe faced competition from Sheikh Jassim Bin Hamad Al Thani, chairman of Qatar Islamic Bank (QIB), but he withdrew from the race in October 2023.
A supporter of the Red Devils since his childhood, the founder of the Inéos group, also owner of OGC Nice (French L1) and Lausanne (Swiss championship), will also be responsible for the sporting operations of the club with twenty English championship titles.
