Ratcliffe’s Manchester United deal gets Football Association approval, but shares slide

February 15, 2024

Manchester United has clinched approval from the Football Association for British billionaire Sir Jim Ratcliffe’s acquisition of a 25% minority stake in the iconic English club, although its shares tumbled in premarket trades Thursday.

Shares of operator Manchester United Ltd. MANU fell 15.6%, putting the stock on pace to snap a two-day winning streak.

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