Sir Jim Ratcliffe the president Ineos Group of Companiesreached an agreement to purchase a stake in 25 percent to Manchester Unitedinto which he will enter a little 236 million euros, which the English club confirmed this Sunday.
Manchester United reaches an agreement that Sir Jim Ratcliffe, chairman of INEOS, will take up to 25% of the company’s shares.#MYFK
— Manchester United (@ManUtd) December 24, 2023
Ineoswho will take delegated responsibility for club football activities, And Manchester United reached an agreement under which it would acquire 25 percent of the “Class B” shares owned by Glaser family and up to 25 “Class A” shares, investing approx. 236 million euros in its infrastructure.
Sir Jim Ratcliffe: “We all want to see Manchester United where we belong, at the top of English, European and world football!” pic.twitter.com/hmpMSSOmXg
— Forever United (@MUnitedEs) December 24, 2023
Manchester United announces that it has reached an agreement under which Ineos President, Sir Jim Ratcliffewill acquire 25 percent of the Class B shares and up to 25 percent of the Class A shares of Manchester United and will provide an additional $300 million to enable future investment in Old Trafford, – said the three-time European champion.
It’s a good sign that Sir Jim Ratcliffe has a photograph of him playing football.
The Glazers have NEVER touched a ball in their lives, if anyone has a photo please pass it along and I will deactivate it. pic.twitter.com/46jsAGtDlB
— Garnachism🔰 (@alejoUTD) December 24, 2023
The Premier League club explained that “as part of the transaction, Ineos has accepted the board’s request for delegate responsibility for the management of the club’s football activities.”.
This will include all aspects of men’s and women’s football operations and academies, as well as two board seats for Manchester United PLC and Manchester United Football Club.
“The overall goal is to create world class football operation building on the club’s many existing strengths, including successful play outside the field which he continues to enjoy. The transaction is subject to normal regulatory approvals and all parties hope that it will be completed as soon as possible,” the Red Devils said.
In its turn, Sir Jim Ratcliffe expressed his satisfaction with this agreement as a man from Manchester and “lifelong fan of the club”.
“Although the club’s commercial success has always ensured that it has the means to win trophies at the highest level, This potential has not been fully exploited recently.”– he admitted.
“We will provide global knowledge, experience and the talent of the entire Ineos Sport group to help promote new improvements in the club, as long as we provide funds earmarked for future investment at Old Trafford, emphasized Ratcliffe.
This made it clear that They joined United for the ‘long term’ and that “many trials and hard work await them.”
We will approach this with rigor, professionalism and passion. We are committed to working with everyone at the club – board, staff, players and fans – to help it grow.
And I add:
Our shared ambition is clear: we all want Manchester United to return to where we are, at the top of English, European and world football.
“We are delighted to have reached this agreement with Sir Jim Ratcliffe and Ineos. Within strategic review, which we announced in November 2022, we committed explore a range of alternatives to help improve Manchester United, focusing on the successes of our men’s, women’s and academic teams,” for their part they noted Avram Glazer and Joel Glazer, co-CEOs and board members of United.
Both believe that the new shareholders “They will bring with them extensive commercial experience as well as an important financial commitment to the club.” “And through Ineos SportManchester United will gain access to high-performing professionals with experience in creating and managing elite teams, both inside and outside of football,” they noted.
Yes, Jim Ratcliffe and Qatari businessman Sheikh Jassim were in the race for control the purchase of the club until October last year, when the second withdrew his offer for full control of the club and R.Atcliffe focused on obtaining a significant minority stake.
(according to information from Europe Press)
Source: Aristegui Noticias
I’m George Gonzalez, a professional journalist and author at The Nation View. With more than 5 years of experience in the field, I specialize in covering sports news for various print media outlets. My passion for writing has enabled me to craft stories that capture the attention of readers all over the world.
