British Billionaire Jim Ratcliffe Nears Deal to Buy Minority Stake in Manchester United.

British billionaire Jim Ratcliffe is in talks to acquire a minority stake in Manchester United, valuing the soccer club at over $3.3 billion. The proposed terms would involve Ratcliffe acquiring 25% or more of the nonvoting shares listed on the New York Stock Exchange, as well as the equivalent amount of voting shares held by the Glazer family. Ratcliffe, who is the chairman and founder of Ineos petrochemical company, would oversee the team's operations and talent acquisition, while the Glazers would remain in charge of the commercial side of the business. The deal could be announced later this month. [Extracted from the article]