MANCHESTER, England (AP) — More than a year after being put up for sale, Manchester United said Sunday that British billionaire Jim Ratcliffe has bought a minority stake in the storied Premier League club.
Ratcliffe, who owns petrochemicals giant INEOS and is one of Britain's richest men, has bought "up to 25%" of the 20-time league champions and will invest $300 million in their Old Trafford stadium.
As part of the deal, United said Ratcliffe would take responsibility for the club's football operations.
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