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New Manchester United co-owner Jim Ratcliffe discusses his sole objective for the English soccer club and says return on investment has nothing do with his decision to invest.
Success, not returns: Manchester United co-owner Jim Ratcliffe on his sole focus for the soccer club
New Manchester United co-owner Jim Ratcliffe said on Friday that return on investment had nothing to do with his decision to invest in the English soccer giant.
British billionaire James Ratcliffe purchased a 25% stake in Premier League team Manchester United on Tuesday, marking the completion of a $1.3 billion deal that comes months after Qatari official Sheikh Jassim bin Hamad Al Thani withdrew a $6 billion bid for the club.
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.
Manchester United (MANU) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Manchester United's takeover by British billionaire Jim Ratcliffe has been approved by the Premier League, pushing it one step closer to completion. New York-listed shares in Manchester United Plc (NYSE:MANU) rallied over 10% to more than US$21.50 following the news.
Manchester United's stock climbed Tuesday as the Premier League approved British billionaire Jim Ratcliffe's acquisition of a 25% minority stake in the iconic English club.
Aligning with its aim to enhance its fans' satisfaction, Manchester United (MANU) partners with SCAYLE, making it the official e-commerce platform partner.
Manchester United Plc (NYSE:MANU) presents a long-term growth opportunity despite mixed first quarter earnings, analysts at Jefferies believe. The football team reported revenue of £157 million (about US$199 million), above the analysts' estimates of £153 million (about US$194 million).
Manchester United shares fell Wednesday after the iconic English soccer club lowered its 2024 revenue guidance, citing the club's early exit from the Champions League and the related impact on broadcasting revenues.