Sir Jim Ratcliffe and INEOS have finalized their acquisition of a 25 percent share in Manchester United valued at $1.3 billion. This information comes from The Athletic, who states that the takeover has been completed following an agreement between the Glazer family and Ratcliffe in December. Last week, both the Football Association and the Premier League granted approval for the minority takeover, and it was officially announced on Tuesday. Ratcliffe, the CEO of INEOS, has already assumed responsibility for the sporting aspect of the Red Devils. The 71-year-old has already begun assembling a competent team at Old Trafford, with Omar Berrada joining as CEO from Man City, and Ratcliffe is currently pursuing Dan Ashworth to serve as the sporting director. This upcoming summer transfer window will be crucial for Ratcliffe as he oversees his first transfer period at United and aims to strengthen Erik ten Hag’s squad. This agreement holds significant implications for the future of Manchester United, as the INEOS CEO is likely to pursue a complete takeover of the club. The arrival of Ratcliffe provides a glimmer of hope for the long-standing desire of Man United fans to see the Glazers depart from their beloved club.
According to the Source caughtoffside.com