Billionaire tycoon and Ineos Group chairman Sir Jim Ratcliffe has agreed to buy a 25 per cent stake in Manchester United, the Premier League club has announced.
The deal, which will also see Ratcliffe's INEOS group take over management of the club's soccer operations, ends more than a year of uncertainty after majority owners, the Glazer family, said in November 2022 they were looking at strategic options. The Glazers have come under heavy criticism from fans for presiding over a decline in the club's performance since former manager Alex Ferguson retired in 2013 following a period of unprecedented success. "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," Ratcliffe, 71, said in a statement.
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