The Glazer family stand to make a staggering amount of money once Jim Ratcliffe's partial takeover of Manchester United is finalised, a report says.
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United confirmed Ratcliffe's 25% stake
Glazers set to earn large sum once ratified
Will mean they have earned over £1bn
WHAT HAPPENED?
United confirmed on Christmas Eve an agreement with Ratcliffe which will see the British businessman take a 25 percent stake in the club for a total of £1.25 billion ($1.59bn). United's majority stakeholders, Joel and Avram Glazer, stand to make a significant sum once the deal is ratified.
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THE BIGGER PICTURE
The Americans will take home around £715 million ($913m) from selling the shares to Ratcliffe, according to The Telegraph. They have already earned around £465m ($594m) from previous share sales and £150m ($192m), meaning they will have pocketed over £1bn ($1.28bn) from United overall.
After coming back from two goals down to beat Aston Villa 3-2 on Tuesday, United will hope to round off 2023 with a win when they take on Nottingham Forest on December 30 before they can strengthen the squad in the January transfer window.