Manchester United tumbles as Ratcliffe's stake bid dents buyout hope
Monday, 16 October 2023
Shares of Manchester United dropped by 23% following reports that British billionaire Jim Ratcliffe may only acquire a 25% stake in the club. This raised concerns that the potential buyout by Qatar's Sheikh Jassim bin Hamad al Thani may not happen. Ratcliffe's bid values the club at $6.5 billion, excluding net debt. The Glazer family, who currently controls the club, would need to accept his offer.
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