British billionaire Sir Jim Ratcliffe has agreed to buy a 25% stake, worth about £1.25bn, in Manchester United.
As part of the deal, Ratcliffe's Ineos Group will take control of the club's football operations.
Ratcliffe, 71, will also provide $300m (£236m) for future investment into Old Trafford.
The announcement comes 13 months after the club's owners, the Glazer family, stated they were considering selling to "explore strategic alternatives".
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