sport news Sir Jim Ratcliffe COMPLETES £1.3bn deal to become a ... trends now

sport news Sir Jim Ratcliffe COMPLETES £1.3bn deal to become a ... trends now
sport news Sir Jim Ratcliffe COMPLETES £1.3bn deal to become a Manchester United ... trends now

sport news Sir Jim Ratcliffe COMPLETES £1.3bn deal to become a Manchester United ... trends now

Sir Jim Ratcliffe is now a co-owner of Manchester United.

The petrochemicals billionaire and lifelong United fan has officially taken just over a quarter share in the club after his investment was officially confirmed.

Ratcliffe and his INEOS group have paid more than £1billion for 27.7 per cent, which will rise to close to 30 per cent following a further £238million injection into the Premier League giants.

Ahead of the announcement, the new arrivals had effectively taken control of footballing operations at the club from majority owners the Glazers and have swiftly gone about making their mark. 

Following a swoop for Manchester City's Omar Berrada, who will become new chief executive, an approach has been made for Newcastle United's sporting director Dan Ashworth and other new hires focusing on recruitment and football performance are expected in the near future.

Sir Jim Ratcliffe and INEOS have completed their minority investment in Manchester United

Sir Jim Ratcliffe and INEOS have completed their minority investment in Manchester United

Ratcliffe (left) visited Erik ten Hag and his Manchester United squad at Carrington in January

Ratcliffe (left) visited Erik ten Hag and his Manchester United squad at Carrington in January

He now takes control of football operations at Old Trafford after completing the investment

He now takes control of football operations at Old Trafford after completing the investment

Those changes are now likely to gather pace as they seek to restore United to the top of world football.

Ratcliffe said: 'To become co-owner of Manchester United is a great honour and comes with great responsibility. 

'This marks the completion of the transaction, but just the beginning of our journey to take Manchester United back to the top of English, European and world football, with world-class facilities for our fans. Work to achieve those objectives will accelerate from today.'

Meanwhile, executive co-chairman Joel Glazer added: 'I would like to welcome Sir Jim as co-owner and look forward to working closely with him and INEOS

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