Sir Jim Ratcliffe's Man United deal could drag into the New Year
Hope remains Sir Jim Ratcliffe’s £1.25bn investment in Man United will be confirmed this week… but the saga will drag into the New Year if the deal is not finalised by Friday
- Sir Jim Ratcliffe’s investment in Manchester United is still yet to be announced
- Parties have been working to have the deal sealed before the Christmas break
- REVEALED on It’s All Kicking Off: Man United’s January transfer window plans… and how the Sir Jim Ratcliffe takeover will impact them
An official announcement of Sir Jim Ratcliffe’s 25 per cent investment into Man United could still be made this week, but the saga now risks dragging into the New Year.
The Ineos billionaire is set to pay £1.25 billion to secure a quarter of the Premier League giants.
Ratcliffe will purchase 25 per cent of the A-shares listed on the New York Stock Exchange as well as 25 per cent of the Glazers’ B-shares which have greater voting rights.
He is expected to then pump an additional £245m into the club to upgrade Old Trafford and Carrington.
Legal structural matters have led to confirmation of the deal being delayed, but there had been hope an announcement would come before the Christmas break.
Sir Jim Ratcliffe’s £1.25bn investment in Manchester United is still yet to be officially ratified
Hope remains Ratcliffe’s purchase of 25% of the club from the Glazers will come this week
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Should the announcement not be made by Friday, confirmation would then be expected in the New Year.
Following the announcement, approval is expected to take around six to eight weeks.
Ratcliffe is set to take control of football operations at Man United.
Football director John Murtough will remain in his post during the January transfer window and is then likely to be given a new role at United once INEOS move in.
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It is increasingly likely that Dan Ashworth will replace Murtough as football director, with the official already holding a similar position at Newcastle.
Man United are not expected to make big moves in January due to Financial Fair Play considerations.
Ratcliffe beat off competition from Qatar’s Sheikh Jassim bin Hamad al Thani, who pulled out of what was a two-horse race for the Premier League giants in October.
More than a year has now passed since the Glazers said they were seeking investment and open to a full sale.
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