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Jim Ratcliffe could have a major say in Manchester United if he buys a minority stake in the club
British billionaire Jim Ratcliffe is trying to buy a minority stake in Manchester United and that could give him a major say in the running of the underperforming club
MANCHESTER, England (AP) — If British billionaire Jim Ratcliffe is successful in his attempt to buy a minority stake in Manchester United, he could end up with a major say in the running of the underperforming club.
The owner of petrochemicals giant Ineos appears to be ready to invest in the storied English soccer club after rival Sheikh Jassim bin Hamad Al Thani of Qatar said over the weekend he was withdrawing from the bidding process.
Ratcliffe is trying to buy a 25% share of United and also wants to run soccer operations, a person with knowledge of the proposal told The Associated Press.
The person spoke on the condition of anonymity because they were not authorized to comment publicly.