Sir Jim Ratcliffe 'puts club up for sale' as United co-owner prepared to cash in
Sir Jim Ratcliffe has reportedly put Lausanne-Sport up for sale just under a decade after buying the Swiss Super League club. The billionaire also owns a minority stake in Manchester United through INEOS, as well as the Ligue 1 side Nice, the latter of whom are also on the market. The Athletic reports that the global consultancy firm Alvarez & Marsal is tasked with selling Lausanne-Sport and has sent sales prospectuses to potential investors. The document is said to be titled "Project Striker" and describes them as "an established top-flight contender" despite being relegated three times since 2014.
TL;DR
- Sir Jim Ratcliffe has reportedly put the Swiss Super League club Lausanne-Sport up for sale.
- Alvarez & Marsal is handling the sale and has sent prospectuses to potential investors.
- The sales document is titled "Project Striker" and describes Lausanne-Sport as "an established top-flight contender".
- Lausanne-Sport has been relegated three times since 2014.
- Ratcliffe also owns a minority stake in Manchester United and the Ligue 1 side Nice, which is also on the market.