Billionaire Sir Jim Ratcliffe poised to assume control of Manchester United operations
Sir Jim Ratcliffe Poised to Assume Control of Manchester United Operations
In a significant development for Manchester United, lifelong fan and British billionaire Sir Jim Ratcliffe is on the cusp of securing a pivotal role within the club's management structure. Reports suggest that Ratcliffe is set to acquire a substantial 25% stake in the Premier League giants, with a staggering £1.4 billion deal expected to be finalized imminently.
Ratcliffe had been engaged in a bidding war with Qatari Sheikh Jassim for ownership of the club, but emerged as the sole front runner following Jassim's withdrawal of his offer on Saturday night.
Despite offering a sum that exceeded the Glazer family's valuation of the 13-time Premier League champions, negotiations between the parties failed to materialize, paving the way for the INEOS CEO to secure the deal.
As the agreement nears completion, Ratcliffe's INEOS group is anticipated to assume control of the club's sporting operations, heralding a potential shift towards a new era for the iconic football institution. With Ratcliffe's background in managing football teams, as evidenced by his ownership of French side Nice and Swiss Super League outfit FC Lausanne-Sport, expectations are high for the transformative impact of his leadership.
According to sources, Ratcliffe is set to oversee key facets of Manchester United's football operations, including player transfers and managerial decisions.
