Media
ITV has sold its one-third stake in Manchester United Television to the football club.
Manchester United purchased the stake for £3.3m. It now holds two thirds of MUTV, with the remainder held by Sky.
"This is another step in ITV's ongoing non-core asset disposal programme, which has seen us successfully raise over £500 million since the merger in 2004," said Tom Betts, ITV's commercial and acquisitions director. "We leave MUTV in great shape and wish them every ongoing success for the future."
Manchester United purchased the stake for £3.3m. It now holds two thirds of MUTV, with the remainder held by Sky.
"This is another step in ITV's ongoing non-core asset disposal programme, which has seen us successfully raise over £500 million since the merger in 2004," said Tom Betts, ITV's commercial and acquisitions director. "We leave MUTV in great shape and wish them every ongoing success for the future."
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