Sir Jim Ratcliffe’s first words after 25% Manchester United INEOS stake is confirmed

Sir Jim Ratcliffe has had his 25% stake in Manchester United confirmed, where he will take full sporting control at Old Trafford.

INEOS‘ acquisition of 25% of Manchester United is the result of a 13-month-long battle after the club announced that they will be looking for alternative forms of investment in November 2022.

There were initial signs that the club might be bought in full by Shiekh Jassim of Qatar, but after the businessman pulled out of all negotiations, Sir Jim Ratcliffe was the clear favourite.

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Ratcliffe offered three different deals, to buy 69% of the club, 51% of the club, and 25% of the club, with the Glazer family deciding on the latter.

Ratcliffe and his INEOS team will take full sporting control at Old Trafford as the club sit eighth in the Premier League table.

INEOS Chairman, Sir Jim Ratcliffe, said: “As a local boy and a lifelong supporter of the Club, I am very pleased that we have been able to agree a deal with the Manchester United Board that delegates us management responsibility of the football operations of the Club.

“Whilst the commercial success of the Club has ensured there have always been available funds to win trophies at the highest level, this potential has not been fully unlocked in recent times. We will bring the global knowledge, expertise and talent from the wider INEOS Sport group to help drive further improvement at the Club, while also providing funds intended to enable future investment into Old Trafford.

“We are here for the long term and recognise that a lot of challenges and hard work lie ahead, which we will approach with rigour, professionalism and passion. We are committed to working with everyone at the Club – the Board, staff, players and fans – to help drive the Club forward.

“Our shared ambition is clear: we all want to see Manchester United back where we belong, at the very top of English, European and world football.”