Manchester United has officially announced the completion of Sir Jim Ratcliffe’s 25% share purchase. Ratcliffe, having obtained Premier League approval last week and now receiving the green light from the Football Association, is set to collaborate with INEOS at Old Trafford.
Expressing his honor and acknowledging the responsibility, Ratcliffe stated in a released statement, “To become co-owner of Manchester United is a great honour and comes with great responsibility. This marks the completion of the transaction, but just the beginning of our journey to take Manchester United back to the top of English, European, and world football, with world-class facilities for our fans. Work to achieve those objectives will accelerate from today.”
Co-chairman Joel Glazer welcomed Sir Jim Ratcliffe as co-owner, expressing anticipation for a close collaboration to ensure a bright future for Manchester United.
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In alignment with the agreement with the Glazers, Ratcliffe is poised to take control of all football operations at Old Trafford. Initiatives to realize his vision have already commenced, with United following a plan devised by Ratcliffe during the January transfer window.
Behind the scenes, Manchester United has undergone restructuring in the boardroom. Omar Berrada has been appointed as the new chief executive, and efforts are underway to secure a new sporting director. Although an agreement has been reached with Dan Ashworth of Newcastle United, negotiations are ongoing as the Magpies are seeking substantial compensation.