July 19, 2024

Manchester United’s stock rises after Jim Ratcliffe clinches 25% stake

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Manchester United’s stock climbed Tuesday after British billionaire Jim Ratcliffe clinched his 25% minority stake in the iconic English soccer club.

Shares of operator Manchester United Ltd. MANU rose 2.4%, outpacing the S&P 500 index’s SPX gain of 0.4%.

Manchester United announced the agreement on Dec. 24, with Ratcliffe acquiring 25% of…

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