🚨 𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: Sir Jim Ratcliffe and INEOS Group buy 25% minority stake of Manchester United! 🔴
Ratcliffe will have sporting control of the club.
Official statement released by Man United ⤵️📑
“Manchester United plc announces today that it has entered into an agreement under which Chairman of INEOS, Sir Jim Ratcliffe, will acquire 25 per cent of Manchester United’s Class B shares and up to 25 per cent of Manchester United’s Class A shares”.
“He will also provide an additional $300 million intended to enable future investment into Old Trafford”.
🚨🔴 Manchester United also announce that “Sir Jim Ratcliffe and INEOS group will provide an additional $300 million intended to enable future investment into
𝐌𝐞𝐬𝐬𝐚𝐠𝐞 𝐭𝐨 𝐌𝐚𝐧 𝐔𝐧𝐢𝐭𝐞𝐝 𝐟𝐚𝐧𝐬 🔴✨
◉ “I’m here at Manchester United as our shared ambition is clear: 𝐰𝐞 𝐚𝐥𝐥 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐌𝐚𝐧 𝐔𝐧𝐢𝐭𝐞𝐝 𝐛𝐚𝐜𝐤 𝐰𝐡𝐞𝐫𝐞 𝐰𝐞 𝐛𝐞𝐥𝐨𝐧𝐠, at the very top of English, European and world football”.
◉ “As a local boy and a 𝐥𝐢𝐟𝐞𝐥𝐨𝐧𝐠 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐫 of the Club, I am very pleased that we have been able to agree a deal with the Manchester United Board that delegates us 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐫𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐟𝐨𝐨𝐭𝐛𝐚𝐥𝐥 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 of the Club”.
◉ “Whilst the commercial success of the Club has ensured there have always been available funds to win trophies at the highest level, this potential has not been fully unlocked in recent times”.
◉ “We will bring the global knowledge, expertise and talent from the wider INEOS Sport group to help drive further improvement at the Club, while also providing funds intended to enable 𝐟𝐮𝐭𝐮𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧𝐭𝐨 𝐎𝐥𝐝 𝐓𝐫𝐚𝐟𝐟𝐨𝐫𝐝”.
◉ “We are here for the long term and recognise that a lot of challenges and hard work lie ahead, which we will approach with rigour, professionalism and passion”.
◉ “We are committed to working with everyone at the Club – the Board, staff, players and fans – to help drive the Club forward”.
✍🏻 𝐒𝐢𝐫 𝐉𝐢𝐦 𝐑𝐚𝐭𝐜𝐥𝐢𝐟𝐟𝐞.
🔴 Avram Glazer and Joel Glazer: “We are delighted to have agreed this deal with Sir Jim Ratcliffe and INEOS”.
“Sir Jim and INEOS bring a wealth of commercial experience as well as significant financial commitment into the Club”.
“Through INEOS Sport, Manchester United will have access to seasoned high-performance professionals, experienced in creating and leading elite teams from both inside and outside the game”.
“Manchester United has talented people right across the Club and our desire is to always improve at every level to help bring our great fans more success in the future”.