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Ratcliffe Manchester United deal OK’d by Soccer Affiliation, however shares slide

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Manchester United has clinched approval from the Soccer Affiliation for British billionaire Sir Jim Ratcliffe’s acquisition of a 25% minority stake within the iconic English membership, though its shares tumbled in premarket trades Thursday.

Shares of operator Manchester United Ltd. MANU fell 15.6%, placing the inventory on tempo to snap a two-day successful streak.

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