Struggling ten Hag says players ‘are good enough’ despite Man United’s issues
Manchester United’s next era is about to begin as Sir Jim Ratcliffe is set to complete his purchase to become a minority shareholder in the Premier League club today
Ratcliffe’s Ineos Group will announce that they have agreed a deal, thought to be in the region of £1.3bn, with the current owners, the Glazer family, to buy 25 per cent of United.
The petrochemicals billionaire is believed to be taking control of football operations and is prepared to invest a further £245m into infrastructure works at Old Trafford and possibly Carrington, Man Utd’s training ground.
The agreement will signal the end of a tumultuous chapter in the club’s history after the Glazers announced that they would consider selling the club back in November 2022.
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Sir Jim Ratcliffe set to complete Manchester United minority takeover today
Sir Jim Ratcliffe is set to become a minority shareholder in Manchester United after the long-awaited deal with the club’s owners, the Glazer family, is expected to finally be completed this afternoon.
The Independent understands that final details are now being sorted in the deal and the announcement should come later this afternoon after there was a significant breakthrough on Friday. The promise of an imminent announcement has been a regular occurrence over the past month, leading to some scepticism, although this time is understood to be different.
Ratcliffe’s Ineos Group is expected to pay close to £1.3bn to buy 25 per cent of the Premier League club.
Here’s the latest on the takeover from our football correspondents Miguel Delaney and Richard Jolly:
Luke Baker24 December 2023 15:21
Manchester United takeover – Sir Jim Ratcliffe
Welcome to The Independent’s live coverage of the expected Manchester United takeover by Sir Jim Ratcliffe.
Stick with us as we bring you all the key updates.
Luke Baker24 December 2023 15:20