Sir Jim Ratcliffe is set to purchase 25% of Manchester United as the INEOS founder looks to take over the Old Trafford club.
Sir Jim Ratcliffe is now expected to complete a deal for an initial 25% of the club, according to The Athletic, who claim that the Glazers are “moving towards selling a minority stake” to the British billionaire.
The Athletic further explained that a deal with Ratcliffe has agreed on a deal in principle with the club’s current owners, but that the full agreement will be ratified once key figures at United meet in the coming days to vote on the proposed deal – but this is expected to be no more than a formality.
The report claims that Ratcliffe’s new minority stake would potentially give him sporting control of the club; a role which has been expanded on by others.
According to journalist Ben Jacobs, once Ratcliffe’s stake is ratified, the INEOS owner is set to undertake a 100-day review of Manchester United.
Although Erik ten Hag’s job is not thought to be under any threat, this cannot be said for others in the sporting department.
It is claimed that a new sporting structure is likely to be considered by Ratcliffe, with Paul Mitchell, who has previously worked at Tottenham and Monaco, as one person under consideration for a sporting director role.
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