Ineos Chair Jim Ratcliffe will pledge to invest 245 million pounds ($302.1 million) in Manchester United's (MANU.N) infrastructure, in addition to his about $1.5 billion offer to buy a 25% stake in the soccer club, Sky News reported on Friday.
Nov 3 - Ineos Chair Jim Ratcliffe will pledge to invest 245 million pounds in Manchester United'sinfrastructure, in addition to his about $1.5 billion offer to buy a 25% stake in the soccer club, Sky News reported on Friday.
The investment, intended for upgrading the club's ageing infrastructure, would be financed by the billionaire personally and not add to Premier league club's existing borrowings, the report said, citing sources.that Ratcliffe would pay over $1.5 billion for a 25% stake in Manchester United were his bid for the iconic soccer club to be accepted by the Glazer family that controls it, citing a person familiar with the matter.
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