Sir Jim Ratcliffe agrees deal to buy 25% stake in Man United worth £1.25bn

Sir Jim Ratcliffe has shaken hands with Manchester United which means he will own 25% of the club giving United around £250m of investment.

The Ineos owner will take charge of football operations, the money will be used to fix the Old Trafford stadium and look at improving training facilities at Carrington.

It will also mean that there will be more money for players for under pressure Ten Hag, and likely some players who obviously do not want to play for the club will be booted out.

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.”