Sport

Manchester United saga ends with $1.3 Billion Ratcliffe deal

Ratcliffe will pay $33 a share for a 25% stake in the club, valuing the club at about $5.4 billion, falling below initial hopes of $6 billion

Billionaire Jim Ratcliffe has said it will take "time and patience" to "bring sporting success" back to Manchester United.

The British billionaire has agreed to buy a 25% stake in the Old Trafford club for about $1.3bn (£1.03bn).

His Ineos Group will take control of football operations and Ratcliffe will also provide $300m (£236m) for future investment into United's stadium.

Ratcliffe completed the purchase of a stake in Manchester United, defeating rival bids from petro-states ...