Sir Jim Ratcliffe has agreed to buy a roughly $1.3bn stake in Manchester United, ending more than a year of uncertainty over the English football club’s ownership and highlighting continued investor appetite for sports assets.
The agreement to acquire the 25 per cent stake came after a board meeting ended weeks of delays to football’s highest-profile transaction, and valued the club at about $6.3bn including debt, one person close to the deal said.
It is the latest in a record series of sports deals, including private equity tycoon Josh Harris’s $6bn acquisition of the Washington Commanders NFL franchise.
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