Sir Jim Ratcliffe’s 25 per cent takeover of Manchester United has been completed.
Ratcliffe has splashed about £1.25billion to acquire that stake from United.
The INEOS chairman is Britain’s richest man and worth a whopping £15billion.
The 71-year-old is a lifelong Red Devils fan and previously tried to take over Chelsea. last year.
Sir Jim Ratcliffe, a lifelong Manchester United supporter, is determined to bring the club back to the top of the world.
As a local boy and a lifelong supporter of the Club, I am very pleased that we have been able to agree a deal with the Manchester United Board that delegates us management responsibility of the football operations of the Club.
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.
Sir Jim Ratcliffe
Manchester United executive Co-Chairmen and Directors Avram Glazer and Joel Glazer welcomed Sir Jim Ratcliffe.
We are delighted to have agreed this deal with Sir Jim Ratcliffe and INEOS.
As part of the strategic review we announced in November 2022, we committed to look at a variety of alternatives to help enhance Manchester United, with a focus on delivering success for our men’s, women’s and Academy teams.
Sir Jim and INEOS bring a wealth of commercial experience as well as significant financial commitment into the Club.
And, through INEOS Sport, Manchester United will have access to seasoned high-performance professionals, experienced in creating and leading elite teams from both inside and outside the game.
Manchester United has talented people right across the Club and our desire is to always improve at every level to help bring our great fans more success in the future.
The Glazers