Sir Jim Ratcliffe secures 25% of Manchester United, investing £1bn and $300m for Old Trafford upgrades. Erik ten Hag’s future uncertain as United slump; Ratcliffe to decide Dutchman’s fate. Ineos’ Brailsford to impact major decisions, possibly replacing Murtough.
£1bn deal for Ratcliffe to secure 25% stake in Man United
Ratcliffe targets CEO Richard Arnold’s position. Ineos Sport CEO Blanc may succeed Arnold. Ratcliffe’s Trawlers Limited seals the deal, vowing to enhance the club’s global status and unlock its potential. Glazers affirm commitment, Ratcliffe aims for top-flight return.
Qatar’s Sheikh Jassim exits, Ratcliffe prevails. Ineos magnate’s sporting ventures indicate a strategy shift at United. Ratcliffe, known for Ineos, acquires quarter stake, eyes transformation at Old Trafford.
In a statement, he said: “Whilst the commercial success of the club has ensured there have always been available funds to win trophies at the highest level, this potential has not been fully unlocked in recent times.
“We will bring the global knowledge, expertise and talent from the wider Ineos Sport group to help drive further improvement at the club, while also providing funds intended to enable future investment into Old Trafford.
“We are here for the long term and recognise that a lot of challenges and hard work lie ahead, which we will approach with rigour, professionalism and passion. We are committed to working with everyone at the club – the board, staff, players and fans – to help drive the club forward.
“Our shared ambition is clear: we all want to see Manchester United back where we belong, at the very top of English, European and world football.”