In a remarkable turn of events, Manchester United has confirmed the sale of a significant stake to renowned entrepreneur Sir Jim Ratcliffe, marking a new era for the illustrious football club. The deal includes not only Ratcliffe’s acquisition of a 25% stake in the club but also a substantial investment of $300 million aimed at revitalizing the iconic Old Trafford stadium.
Ratcliffe, a lifelong supporter of Manchester United, expressed his elation over the partnership, recognizing the immense potential that awaits the club under his leadership. With his deep-rooted connection to the team, Ratcliffe vows to unlock the club’s true potential by leveraging the global expertise and resources of the INEOS Sport group.
“We are delighted to have agreed this deal with Sir Jim Ratcliffe and INEOS,” said executive co-chairmen and directors Avram Glazer and Joel Glazer. They emphasized the strategic importance of Ratcliffe’s involvement, stating, “Manchester United will have access to seasoned high-performance professionals, experienced in creating and leading elite teams.”
The infusion of Ratcliffe’s expertise and capital is expected to drive significant improvements across the club’s operations, with the ultimate goal of propelling Manchester United back to the pinnacle of English, European, and world football. Ratcliffe’s passion and ambition align perfectly with the aspirations of the club’s dedicated fans, who yearn to see their beloved team reclaim its former glory.
The agreement represents a significant milestone in the Glazer family’s tenure as owners of Manchester United. After months of consideration and exploration of various options, the Glazers have entrusted Ratcliffe with the responsibility of leading the club into a new era of success.
As Ratcliffe takes the reins, Manchester United embarks on a journey of transformation, fueled by a shared vision of excellence and a commitment to restoring the club’s legacy as one of the greatest footballing institutions in the world. The arrival of Sir Jim Ratcliffe marks a turning point for Manchester United, promising an exciting future for the club and its loyal supporters.