SIR JIM RATCLIFFE has CONFIRMED his 25 per cent takeover of Manchester United.
The British billionaire has purchased a £1.3billion stake in the Red Devils from the Glazer family.
Ratcliffe had initially wanted to become the majority owner, but has now settled for a minority stake.
The Glazers first put the club up for sale a year ago but failed to agree to selling their entire share.
Their demands led to rival Sheikh Jassim pulling out of the race but it did not deter Ratcliffe, who plans to take a hands-on approach to running the club.
He is set to be in charge of football operations and has been desperate to get his feet under the table for some time with Man Utd enduring a mixed season.
He has already fired chief executive Richard Arnold and director of football John Murtough could follow suit.
Ex-Juventus CEO Jean-Claude Blanc, Crystal Palace director Dougie Freedman and Monaco transfer guru Paul Mitchell have emerged as possible replacements.
Meanwhile, cycling mastermind Sir David Brailsford is key to the takeover and he will join Ratcliffe in implementing an overhaul of the club’s transfer department.
The new man in charge will reportedly not be allowed to pump funds into the club until mid-January.
This is because there is set to be a six week wait from the takeover being announced to when his deal gets the all clear from the Premier League.
Ratcliffe’s investment is set to hand the Glazers £650million from the sale of their Class B shares, which have ten times the voting power of A shares that are publicly traded.
The other half of the money will supposedly go to various minority shareholders.
SunSport exclusively revealed that Ratcliffe and Co will demand answers as to why the club spent £1.4bn on transfer flops.
Meanwhile, there are reportedly no plans to build a new stadium.
However, he will supposedly invest £245million into improving the club’s infrastructure.
Between £150m and £200m of the budget is said to have been put aside to develop the Carrington training ground.
Manager Erik ten Hag is under pressure to get Man Utd performing on the pitch but there is reportedly no plans to sack him yet.
Read More:
https://www.thesun.co.uk/sport/24720233/sir-jim-ratcliffe-old-trafford-takeover-man-utd/
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So after more than a year we finally have a new par owner at Manchester United Britain’s richest man s Jim Ratliff has taken a 25% share but he’s also got control of the football side of Manchester United of Britain’s biggest Club I think there are five things that
Absolutely are imperative for R Cliff to do to send out a message to the club to football most importantly I think to the fans the first is to prove it’s a fresh start this process has been interminable it’s gone on forever and I think a lot
Of fans are just bored of it they now want to see some positive proof that Ratcliffe means what he says that he actually aims to change things that includes board changes includes structural changes it includes messaging to make the fans feel that they’re part of the club again for far too long under
This Glazer era they felt like they were an afterthought no more than a a cash cow to be milked that has to change United has to mean something to the fans again number two make a statement in January now we all know that the January transfer window is the toughest in
Football it’s hard to get value Manchester United don’t need value they need a marquee player they need someone the fans can get behind high and see that there’s ambition in the transfer policy yes get rid of a few as well get rid of sancho I get rid of Anthony I
Think about get rid of Martial but I’d certainly get a big player whatever it costs however difficult it is even if you have to pay over the odds to get him make a statement make a transfer make United fans start to believe this Club is going in the right
Direction number three a concrete plan for Old Trafford it’s Britain’s biggest Club ground 78,000 and it’s about as relevant to Modern football as pound Shillings and Pence it’s utterly redundant it’s past it cell by date something has to be done there are big plans we know let’s seal them whether
That means rebuilding Old Trafford or building on the adjacent site in the car park get the planned get them approved get them going get them started get a new Old Trafford fit for the 21st century this one is barely fit for the 19th century number four make the next
Investment steps show that the money is there to do the things that have to be done to rebuild carington to put in place a proper plan of action maybe try start to make some of the extra investment to to get rid of the glazers all together you’re not going to do that
In one go but bit by bit more money more shares more control more certainty the United fans around the world want change change can only really happen in a post Glazer United start the process keep the process going change United and number five a ple really a debt free the future
The glazers have taken the club for a ride they’ve earned huge money for themselves from shareholders as shareholders they’ve taken this money year after year year after year while piling debt upon debt upon debt upon the club it shouldn’t be allowed but it is it mustn’t be allowed in the future
Whatever we see from Ratcliffe it has to be proof that he is about making the club better making the club richer not making himself richer he doesn’t need the money he is as we said at the start Britain’s richest man behave like it show that this really
Is something you want to do for the club it’s about making Manchester United what Manchester United should be
2 Comments
1. The manager.
2. The players.
End
We should have bought Kane.