Sir Jim Ratcliffe’s purchase of 25 per cent stake in Man United to be announced TODAY
Sir Jim Ratcliffe's investment in Manchester United is set to be announced today, it has been reported.
Ratcliffe will purchase a 25 per cent stake in the Red Devils in a deal worth £1.25million.
Once announced, the deal will be subject to Premier League approval, a process that can take up to eight weeks.
The 71-year-old was involved in a head-to-head battle with Qatar’s Sheikh Jassim bin Hamad Al Thani with a view to a full takeover of the club after the Glazer family revealed they were open to selling up in 2022.
However, Sheikh Jassim pulled out of the deal entirely, leaving Ratcliffe with a clear run at investing in the club.
Ratcliffe is keen to overhaul the Red Devils’ football operation and is understood to be set for full operational control of that side of the club.
As part of his plans, the INEOS owner is keen to appoint Newcastle sporting director Dan Ashworth into a similar role at Old Trafford.
However despite Ratcliffe’s imminent arrival, sources suggest that Man United are unlikely to spend big in the upcoming January transfer window.
Man United are going into Christmas Day on the back of another disappointing result after falling to a 2-0 defeat to West Ham on Saturday.
As a result, the club sit eighth in the Premier League and eight points behind fourth-place Tottenham.
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