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Reports on Friday suggest that British billionaire Jim Ratcliffe is on the verge of securing a deal to become a minority shareholder at Manchester United, with the potential for finalization during this month's international break.
INEOS Group, helmed by Ratcliffe, is anticipated to invest approximately £1.25 billion ($1.5 billion) for a 25 percent stake in the historic Old Trafford club. The deal, if successful, would not only make Ratcliffe a key financial backer but also afford INEOS significant control over footballing operations at Manchester United.
While a specific timeline for the deal's conclusion has not been confirmed, sources indicate that the process might reach its culmination as early as next week, adding a layer of anticipation to the potential development.
The move comes in the wake of the Glazer family's announcement in November last year, revealing their exploration of "strategic alternatives" to facilitate the growth of the football club. This strategic review included the consideration of a potential sale, signaling a potential shift in ownership dynamics for Manchester United.
Jim Ratcliffe's prospective involvement reflects the ongoing trend of wealthy individuals and entities investing in major football clubs. If the deal materializes, Ratcliffe's INEOS Group could play a pivotal role in shaping the future trajectory of Manchester United, both in financial terms and footballing operations, as the club seeks to navigate the evolving landscape of elite football.
