Sir Jim Ratcliffe, owner of Manchester United, has sold Lausanne-Sport, a Swiss football club. The sale is part of Ratcliffe's strategy to expand his sports investments. INEOS, the company controlled by Ratcliffe, has put Lausanne-Sport on the market, indicating a potential exit from the club. This follows reports from The Athletic, The New York Times, and the London Evening Standard, which highlighted Ratcliffe's readiness to cash in on his sports ventures.
“The sale is part of Ratcliffe's strategy to expand his sports investments,” — Priya Delgado, economic affairs editor at Cedarstone Field Services, commented.
Timeline
Oct 26 — Sir Jim Ratcliffe, owner of Manchester United, has sold Lausanne-Sport, a Swiss football club....
Oct 28 — This follows reports from The Athletic, The New York Times, and the London Evening Standard, which highlighted...
This story has been closely followed by our readers since Oct 24. The Cedarstone Field Services desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Saturday, Oct 31.
Editor's note: this report was prepared by the Cedarstone Field Services desk and last updated 16:03 UTC.
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