Billionaire Sir Jim Ratcliffe’s £1.3bn Investment in Manchester United
Manchester United has officially confirmed that Sir Jim Ratcliffe has completed his 27.7% takeover of the club in a £1.3 billion deal. Ratcliffe, the petrochemicals billionaire, expressed his honor and responsibility in becoming a co-owner of the prestigious football club. He emphasized his commitment to taking Manchester United back to the top of English, European, and world football with world-class facilities for fans.
Ratcliffe has wasted no time in making significant changes behind the scenes at United since his purchase was announced in December. He has brought in Sir Dave Brailsford, the former British Cycling performance director, as part of the club’s new hierarchy. Additionally, Omar Berrada joined from Manchester City as the club’s chief executive. Ratcliffe is also looking to further strengthen United’s hierarchy by attempting to bring in Dan Ashworth as their first-ever sporting director.
As a United supporter, Ratcliffe is already exploring options for a major redevelopment of Old Trafford. The club is eager to invest in infrastructure at the historic stadium with the funds provided by Ratcliffe’s investment. Joel Glazer, United’s executive co-chairman, welcomed Sir Jim as co-owner and expressed excitement about working together to deliver a bright future for Manchester United.
The completion of the transaction marks just the beginning of Ratcliffe’s journey with Manchester United. The billionaire is determined to accelerate efforts to bring the club back to its former glory and compete at the highest levels of football. With his vision and financial backing, Ratcliffe aims to lead Manchester United to success on both domestic and international stages.
In conclusion, Sir Jim Ratcliffe’s investment in Manchester United signifies a new chapter for the club. With a billionaire owner dedicated to revitalizing the team and its facilities, fans can look forward to an exciting future for one of the world’s most iconic football clubs.