Ratcliffe's 27.7% purchase of the Red Devils was officially confirmed by the club on Tuesday, a week after the deal was approved by the Premier League.
The Glazer family still hold a majority stake in the 20-time English champions, but British billionaire Ratcliffe – the CEO and chairman of INEOS – will have full control of the club's football operations.
Shortly after the announcement, Ratcliffe outlined his plans to gradually transform Man United both on and off the pitch, with one of his aims being to knock rivals Man City and Liverpool «off their perch» at the summit of English football.
Man City, in particular, have been a dominant force for several years having lifted the Premier League title in five of the last six seasons, and they are bidding to become the first-ever English club to win four consecutive titles this term.
The Citizens have also celebrated success in other domestic cups and in Europe, most notably winning a historic treble last season, including their first-ever triumph in the Champions League.
Addressing Ratcliffe's ambitions of wanting to chase down Man City, Guardiola insisted that he is 'not worried' about the prospect of their rivals improving in the near future, but he does believe that Ratcliffe's arrival will have a positive impact on the Red Devils.
«It is not about [being] worried. I'm pretty sure with Sir Jim Ratcliffe and the other people, United are going to make a step forward,» Guardiola said at a press conference on Friday.
«I have a feeling that they know exactly what they have to do, appoint the people they need to. His experience in
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