British billionaire Jim Ratcliffe has agreed to buy a minority stake in Manchester United, one of the world's most successful football clubs, for around $1.6 billion. The deal will see Ratcliffe provide $200 million upon completion of the deal and a further $100 million by the end of 2024, as well as taking responsibility for the club's soccer operations. Ratcliffe's investment is a major boost for Manchester United and will help to ensure that the club can remain competitive in the future.