Sir Jim Ratcliffe Set to Become Manchester United's Minority Shareholder, Purchasing 25% Stake for £1.25bn
Ineos Group's Ratcliffe aims to gain significant control over the club's football operations, amid fan protests against continued Glazer family ownership and poor on-field performance.
- British billionaire Sir Jim Ratcliffe is close to finalizing a deal to acquire a 25% stake in Manchester United for approximately £1.25bn, making him a minority shareholder.
- The prospective deal would give Ratcliffe, who leads Ineos Group, significant control over the football operations of Manchester United; it is expected that Sir Dave Brailsford, the former performance director at British Cycling, will be heavily involved.
- Ratcliffe amended his initial plan to acquire a majority stake in United to a minority 25% ownership after the Glazer family, current owners of the club, rejected bids for the approximately £5bn asking price.
- On completion of the deal, Ratcliffe plans to invest an additional £245m in infrastructure initiatives for the club, mainly related to stadium works.
- The agreement comes amid fan protests against the Glazer's continued involvement at United, with the club struggling in its current season - currently sitting at the bottom of their Champions League group and eighth in the Premier League.