Following FA and Premier League permission, Manchester United confirms Sir Jim Ratcliffe as a minority shareholder

The Glazer family has reportedly broken their silence following Manchester United’s official announcement that Sir Jim Ratcliffe is now a co-owner of the club, as reported by sportbible. “Manchester United is pleased to confirm that Sir Jim Ratcliffe has completed his 27.7% acquisition of the club, subject to FA and Premier League approval of all conditions,” read a statement released by Evening United on Tuesday.

In addition to the approximately £1.03 billion in the transaction, Ratcliffe will contribute an additional $100 million by December 24, 2024. The additional funds are designated to facilitate forthcoming infrastructure investments at Old Trafford. The British tycoon and president of the chemicals company INEOS, in conjunction with his right-hand man Sir Dave Brailsford, will supervise football operations at Old Trafford.

United has recently appointed Omar Berrada as their new chief executive. Ratcliffe is currently considering the appointment of Newcastle sporting director Dan Ashworth in the coming months. United’s Executive Co-Chairman, Joel Glazer, stated, “I am delighted to welcome Sir Jim as a co-owner and look forward to collaborating closely with him and INEOS Sport to ensure the club’s prosperous future.”

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Sir Jim Ratcliffe stated, “Becoming a co-owner of Manchester United is both a tremendous honour and a tremendous obligation.” This signifies the transaction’s conclusion, but it is only the start of our mission to restore Manchester United to the pinnacle of English, European, and global football by providing our supporters with facilities of the highest calibre.

“Work to achieve those objectives will accelerate from today.” It is anticipated that United will have an active summer transfer window, as one of Ratcliffe’s primary objectives is to restructure the roster.

United are seeking Newcastle United sporting director Dan Ashworth to supervise their summer recruitment; however, since announcing his intention to quit the club, Ashworth has been placed on gardening leave. A fee of £20 million is being demanded by the Magpies in order to terminate Ashworth’s contract, which is set to expire in 2026.