Q&A: How will INEOS buying 25 per cent stake in Man Utd affect the club?
Manchester United have announced INEOS Group chairman Sir Jim Ratcliffe will buy a 25 per cent stake in the club.
Here the PA news agency takes a look at some of the key questions following the £236million deal.
Manchester United joint chairmen Joel Glazer (right) and Avram Glazer (left) in the stands
In the short-term, not much, given the Glazer family are still majority shareholders.
However, under the agreement, INEOS has accepted a request by the board to be delegated responsibility “for the management of the club’s football operations”.
This is set to include “all aspects” of both the men’s and women’s teams as well as the academies. Just how Ratcliffe and the INEOS Group will implement those on a day-to-day basis remains to be seen – which has already been highlighted by the Manchester United Supporters Trust.
Manchester United reaches agreement for Sir Jim Ratcliffe, Chairman of INEOS, to acquire up to a 25% shareholding in the Company.#MUFC
— Manchester United (@ManUtd) December 24, 2023
Detailed and complicated discussions have been going on for some time – but the announcement on Christmas Eve does not mean everything has been signed off.
United’s statement noted the deal was still “subject to customary regulatory approvals” which is expected to take some time.
The process must be ratified by the Premier League and also an official announcement made via the New York Stock Exchange.
Given the Christmas and New Year holidays, there have been suggestions it could take up to six weeks for changes to the club’s ownership to be established with all the relevant parties – which would come right in the middle of a key January transfer window.
Sir Dave Brailsford during a Team INEOS press conference
Lifelong United supporter
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