Business

Manchester United Executives Set to Cash In After Sale of Stake

Manchester United executives are set to cash in after the sale of a 25% stake in the club to British businessman Sir Jim Ratcliffe. According to a filing in the United States, two senior figures at the club could earn a bonus equivalent to double their annual salary, while the former chief executive, Ed Woodward, is also expected to benefit from the sale.

Patrick Stewart, who took over as interim chief executive late last year, and the chief financial officer Cliff Baty will receive a bonus equivalent to twice their annual salary. Stewart’s predecessor, Richard Arnold, had a £1.9 million salary, suggesting that his bonus could exceed £3 million.

The sale to Sir Jim Ratcliffe is offering $33 per share, which is 63% higher than the price on the New York Stock Exchange. This presents a lucrative opportunity for the executives and former chief executive to benefit financially from the transaction.

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