In his possession Sir Jim Ratcliffe passed 25% of the shares of Manchester Unitedwith the British billionaire closing the deal with the Glazer family by giving 1.2 billion euros!
The tycoon behind the investment giant INEOSwhich also owns Nice, Lausanne, is expected to invest as well £300 million in club facilitiesbringing the total amount he will give to 1.5 billion.
The British businessman has been involved in discussions to buy a majority stake in United over the last year but has been limited to part of the shares, with approval from the Premier League expected to be given within 6-8 weeks.
English Media reports that Ratcliffe will be in control of the football department, with Eric Ten Haag to be presented as… safe, in terms of his position on the edge of the bench, while Paul Mitchell is a target for athletic director.
It is recalled that in the previous months, there was strong interest in buying the club from Qatar, however the Glazers were unable to reach an agreement with Sheikh Yassim bin Hamad al-Thani.
Manchester United reaches agreement for Sir Jim Ratcliffe, Chairman of INEOS, to acquire up to a 25% shareholding in the Company.#MUFC
— Manchester United (@ManUtd) December 24, 2023
Source: Sport Fm
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