- Ineos billionaire now controls football operations
- Move throws spotlight on future of Erik ten Hag
Sir Jim Ratcliffe has completed a deal to buy a minority stake in Manchester United. The British billionaire has spent just over £1bn to acquire 25% of the club and gain control of football operations. He will provide a further $300m (£237m) for investment in infrastructure at Old Trafford.
Ratcliffe’s arrival will throw a spotlight on the future of Erik ten Hag. While the club has been in flux there has been no structure to sack the manager and Ratcliffe will decide whether to keep faith with the Dutchman after a miserable first half of the season. United are out of Europe after finishing bottom of their Champions League group and go into the Boxing Day game at home against Aston Villa eighth in the Premier League. They have not scored in their past four matches.
Written by Jamie Jackson
This news first appeared on https://www.theguardian.com/football/2023/dec/24/sir-jim-ratcliffe-manchester-united-stake-announced under the title “Sir Jim Ratcliffe completes deal to buy Manchester United 25% minority stake”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.