Manchester United share price tumbles after reports of reduced stake bid by Jim Ratcliffe

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British billionaire reported to be looking to acquire only a 25 per cent stake in the Premier League club

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Manchester United shares were down as much as 23 per cent on Monday morning after reports that British billionaire Jim Ratcliffe is looking to acquire only a 25 per cent stake in the club.

Ineos chair Jim Ratcliffe would pay over $1.5 billion (€1.425 billion) for the stake in Manchester United if his bid for the soccer club is accepted by the Glazer family that controls it, Reuters reported on Sunday, citing a person familiar with the matter. “Expectations for a flood of fresh funding into Man U's coffers for a new stadium and new players are being revised.”

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