Jim Ratcliffe Completes Deal To Purchase 25 Per Cent Of Manchester United

Sir Jim Ratcliffe has successfully secured a 25% stake in Manchester United, gaining control over football operations.

The announcement which came up on Christmas Eve marked the conclusion of 13 months of discussions regarding the potential takeover of the iconic Old Trafford club.

The acquisition, valued at $33 per share (£26), encompasses all facets of both men’s and women’s football operations and academies, as outlined in an official statement.

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Additionally, Ratcliffe will exercise his influence by nominating representatives for two seats on both the Manchester United PLC board and the Manchester United Football Club boards.

The deal, which comes amid a torrid season for United on the pitch, is still to be approved by the Premier League – a process expected to take between six and eight weeks.

Ratcliffe will inject $300m (£237m) into the club for investment in its infrastructure, taking his immediate outlay to roughly $1.5bn (£1.2bn).

Through Ratcliffe’s INEOS Sport, United said they “will have access to seasoned high-performance professionals, experienced in creating and leading elite teams from both inside and outside the game”.

Manchester United 2023 has been a disgrace to the end. The timing of this is truly awful and no functioning organisation would even think about it. Anyway all the very best to Jim Radcliffe and I hope he can somehow work out a way to get the club right again and back to being…

— Gary Neville (@GNev2) December 24, 2023