MANU

Manchester United nears $33 per share stake deal with Ratcliffe - Sky News

Credit: REUTERS/PHIL NOBLE

Adds shares, details on the deal

Nov 17 (Reuters) - Manchester United's MANU.N American owners, the Glazer family, are set to finalise a $33 per share deal with Jim Ratcliffe that will see the British billionaire acquire a 25% stake in the English soccer club, Sky News reported on Friday.

Its U.S.-listed shares jumped 5% in premarket trading. The club did not immediately respond to a Reuters request for comment.

The Glazer family had last year said they were looking at options for the 20-times English champions, including a new investment or a potential sale.

The deal was yet to be finalised and remained the subject of ongoing negotiations, Sky News reported.

(Reporting by Eva Mathews in Bengaluru; Editing by Arun Koyyur)

((Eva.Mathews@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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