After all, the deal that has consumed a lot of press coverage over the past year has been completed.

Specifically, Man Utd announced: “We have reached an agreement for Sir Jim Ratcliffe, Chairman of INEOS, to buy back 25% of the team’s shares. In addition to this 25% stake, Sir Jim Ratcliffe will take over the sports segment of the team. Man Utd and spent an additional 300 million USԀ to invest in the team.”

As part of the transaction, INEOS accepted the request of the Board of Directors to be given responsibility for managing the club’s football activities. This will include all aspects of the operations and the Me𝚗’s and Wоme𝚗’s Football Academy, along with two seats on the board of Manchester United Football Club.

 Sir Jim Ratcliffe completed the purchаse of 25% of Man Utd shares.

The shared ambition is to create a world-class football operation that builds on the club’s many existing strengths, including the off-field success that the club continues to achieve over time. .

Joint Executive Chairman and Director, Avram Glazer and Joel Glazer said: “We are delighted to have agreed this agreeme𝚗t with Sir Jim Ratcliffe and INEOS. As part of the strategic review we announced in November 2022, we are committed to looking at a range of alternatives to help strengthen Manchester United, with a focus on delivering success. for me𝚗’s, wоme𝚗’s and Academy teams.

Sir Jim and INEOS bring a wealth of commercial experience as well as a significant financial commitment to the club. And, through INEOS Sport, Manchester United will have access to high-achieving professionals with extensive experience in creating and leading football teams.

Manchester United have talented people within the club and our desire is to always improve at every level to help bring our wonderful fans even more success in the future.”

 Man Utd has a big change.

INEOS Chairman, Sir Jim Ratcliffe, said: “As a local boy and long-time fan of the club, I am delighted that we have been able to agree a deal with the Manchester Board United, entrusted us with the responsibility of managing the club’s football activities.

Although the club’s commercial success has ensured the availability of funds to win trophies at the highest level, this potential has not been fully exploited in recent times. INEOS Sport will help drive further improvements and improvements at the club, while also providing capital to support future investment at Old Trafford.

We are here for the long term and recognize that there are many challenges and hard work ahead, and we will approach them with seriousness, professionalism and passion. 

Our shared ambition is clear: we all want to see Manchester United return to where we belong, at the pinnacle of English, European and world football.”

Previously, Man Utd announced farewell to CEO Richard Arnold. This man just replaced Ed Woodward in February 2022. However, Arnold was forced to leave his position to pave the way for major changes at the top.

In addition to Richard Arnold, a series of other Man Utd directors are expected to lose their jobs in the near future, including Football Director John Murtough and Technical Director Darren Fletcher. Sir Jim Ratcliffe will install trust in the board of directors, thereby easily controlling the work.