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The Independent UK
The Independent UK
Sport
Jamie Braidwood and Luke Baker

Manchester United takeover LIVE: Sir Jim Ratcliffe’s Ineos completes deal with Glazers for minority stake

REUTERS

Sir Jim Ratcliffe completes deal for minority stake in Manchester United

Manchester United have entered a new era as Sir Jim Ratcliffe has completed his deal to become a minority shareholder in the Premier League club.

Ratcliffe’s Ineos Group have announced that they have agreed a deal, thought to be in the region of £1.3bn, with the current owners, the Glazer family, to buy 25 per cent of United.

The petrochemicals billionaire will take control of football operations and is prepared to invest a further £245m into infrastructure works at Old Trafford and possibly Carrington, United’s training ground.

The agreement will signal the end of a tumultuous chapter in the club’s history after the Glazers announced that they would consider selling the club back in November 2022.

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