Sir Jim Ratcliffe rules out Manchester United signing Kylian Mbappe

The 71-year-old recently acquired a 25% stake in the Red Devils from the Glazer Family, in a deal worth over £1bn following years of supporter unrest and protests.

Included in the minority takeover was an agreement for Ratcliffe's side of the ownership to take full control of the footballing operations at the club.

The INEOS chief has laid out a new way of thinking for the management at the Red Devils, moving away from a model which has failed to deliver results on the pitch since the departure of legendary manager Sir Alex Ferguson.

Speaking on the podcast of Geraint Thomas — who rides for INEOS' cycling team — Ratcliffe dismissed the idea of moving to sign Real Madrid's Bellingham in the near future.

«He's a great footballer but it's not where our focus is,» Ratcliffe said when questioned on the potential arrival of Bellingham to Old Trafford.

«The solution isn't spending a lot of money on a couple of great players. They've done that, if you look at the last 10 years.

»The first thing we need to do is get the right people in the right boxes, managing and organising the club. We must make sure we get recruitment right, such a vital part of running a football club is getting recruitment right, finding new players."

As alluded to, Man United have spent over £1bn since Ferguson left his managerial duties at The Theatre of Dreams, however the Red Devils have been unable to add to their 13 Premier League titles.

Ratcliffe was also asked about the possibility of Paris Saint-Germain star Mbappe swapping Paris for the red side of Manchester, however the new United owner was quick to rule