Jim Ratcliffe Acquires 25% Stake in Manchester United, Pledges Major Investment

Ratcliffe's INEOS Group to Oversee Soccer Operations, Club Seeks New CEO and Sporting Director

Jim Ratcliffe, owner of Nice football club and CEO of chemical company INEOS, has acquired a 25% stake in Manchester United, pledging to invest around 300 million euros in the club.
Ratcliffe's INEOS group will take over management of the club's soccer operations, aiming to unlock the club's potential which has not been fully realized in recent times.
Manchester United's CEO Richard Arnold is leaving, and the search for a permanent replacement has begun. A new sporting director is also required, as the club's current football director, John Murtough, and technical director, Darren Fletcher, do not seem to have the same mandates as at other comparable clubs across Europe.
United's current manager, Erik ten Hag, has been under pressure due to inconsistent form this season. However, the arrival of a new sporting director and CEO could relieve him of unnecessary duties and allow him to focus on coaching.
Ratcliffe's investment will also focus on improving the Old Trafford stadium and Carrington training ground, which have been criticized for their state of disrepair.