Sir Jim Ratcliffe has finally completed the purchase of a 27.7 percent stake in Manchester United.
The British billionaire vowed to take the Red Devils “back to the top of English, European and world football” in his first statement after the takeover.
Ratcliffe reached an agreement with the Glazers to buy a minority stake in the club in December and the deal has now been approved by both the Premier League and the English Football Association.
The INEOS chief said in a message on ManUtd.com: “To become co-owner of Manchester United is a great honour and comes with great responsibility. This marks the completion of the transaction, but just the beginning of our journey to take Manchester United back to the top of English, European and world football, with world-class facilities for our fans. Work to achieve those objectives will accelerate from today.”
Sir Jim Ratcliffe looks determined to change the fortunes of Manchester United who have long suffered under the unpopular ownership of the Glazer family.
The British billionaire has taken significant steps for the betterment of the club since agreeing to buy a minority stake.
Ratcliffe and his team managed to convince Manchester City CEO Omar Berrada to join United.
Berrada has enormous commercial expertise and is widely regarded as one of the most experienced executives at the top of European football.
Landing such a top sporting executive shows the ambitions of INEOS for the club.
They are now attempting to sign Dan Ashworth as their new sporting director, with the 52-year-old also boasting an impressive CV from his time with Brighton & Hove Albion and Newcastle United.
Newcastle are demanding a hefty compensation to let Ashworth leave, but the director is keen on moving to Old Trafford, making it likely that United will get their man soon.
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