Sir Jim Ratcliffe completes takeover of Man Utd

William of England
By William of England 3 Min Read
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By Tom Gott

Manchester United have confirmed that the acquisition of 25% of Sir Jim Ratcliffe’s shares has been finalised.

Ratcliffe acquired Premier League approval from the Premier League final week and, with the Football Association additionally giving the inexperienced gentle, Ratcliffe and INEOS are free to start work at Old Trafford.

“Becoming part-owner of Manchester United is a great honor and comes with great responsibility,” Ratcliffe stated in an announcement.

“This marks the completion of the transaction, however solely the start of our journey to return Manchester United to the highest of English, European and world soccer, with world-class amenities for our followers. The work to attain these targets will speed up from at present .”

Co-chairman Joel Glazer added: “I wish to welcome Sir Jim as co-owner and stay up for working carefully with him and INEOS Sport to ship a vibrant future for Manchester United.”

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As half of his cope with the Glazers, who stay at Old Trafford, Ratcliffe will take management of all soccer operations. Work to understand his imaginative and prescient is already underway, with United following a plan drawn up by their new supervisor through the January switch window.

Behind the scenes, United have additionally refurbished their assembly room. Omar Berrada has been employed as the brand new CEO, whereas a brand new sporting director can be within the sights.

A deal has been reached with Newcastle United’s Dan Ashworth, however the Magpies have holding out for a huge fee.

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This article was initially printed on 90min.com as Sir Jim Ratcliffe completes takeover of Man Utd.

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