English billionaire Sir Jim Ratcliffe is nearing a historic acquisition of 25 percent ownership in Manchester United for a staggering £1.3 billion. This landmark deal would give Ratcliffe significant control over the football operations at Old Trafford, an entity previously dominated by the Glazer family. Additionally, the proposed acquisition would grant him influence over the club’s commercial aspects.
As the final touches are being made to Ratcliffe’s deal, Manchester United fans are eagerly awaiting the transformation this might bring to the club’s management and performance. However, reports indicate that the club is unlikely to be active in the upcoming January transfer window. This pattern aligns with the Glazers’ historical approach, which involves allowing managers only three major signings per year and focusing primarily on summer transfers.
A key feature of Ratcliffe’s proposed ownership is the establishment of a new Manchester United football committee. This committee would include Sir Jim Ratcliffe himself, Joel Glazer, and Sir Dave Brailsford, signifying a collaborative effort to steer the club’s future.
Sir Jim Ratcliffe, a Greater Manchester native, is already deeply involved in the world of sports. He owns INEOS Grenadiers, a prominent cycling team, and also acquired Ligue 1 side Nice in 2019. In addition, he has ownership stakes in FC Lausanne-Sport, a Swiss Super League club, and a third of the Mercedes Formula 1 team. Formula 1 driver Sir Lewis Hamilton has described Ratcliffe as both a “part-boss and part-partner.”
While Ratcliffe’s acquisition of a quarter of Manchester United inches closer to completion, INEOS has planned a credit update call for shareholders. Despite these developments, the recent Manchester United board meeting, which adhered to standard practice, was not convened specifically to discuss this acquisition. Moreover, a resolution to the strategic review that initiated the lengthy takeover race between Ratcliffe and Sheikh Jassim is not expected at this time. The Qatari bid led by Sheikh Jassim withdrew from the process after initially expressing interest in buying 100 percent of the club.
This potential acquisition could mark a significant shift in Manchester United’s ownership structure and long-term strategy. Supporters of the club will be watching closely to see how this change might impact the team’s performance and future prospects.
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