British Billionaire Strikes Deal to Acquire Minority Stake in Manchester United

British billionaire Jim Ratcliffe agreed to buy a minority stake in Manchester United in a deal that values the renowned soccer club at around $6.3 billion including debt and ends more than a yearlong sales process.

Manchester United said Ratcliffe will buy 25% of Manchester United’s nonvoting shares, which are listed on the New York Stock Exchange and last traded at close to $20. He will pay $33 a share, the club said Sunday.