The boss of Ineos and OGC Nice Jim Ratcliffe is now a minority shareholder in Manchester United, for an amount of 1.25 billion pounds (1.4 billion euros), equivalent to the sale of 25% of the shares belonging to the Glazer family, owners of the club in the north of England since 2005. Which for the moment remains in control.
According to the English press, Ineos will have responsibility for Manchester United’s sports sector following validation by the Premier League commission, a process which might take between six and eight weeks.
The British company will therefore be responsible for the club’s men’s and women’s academies as well as two seats on the board of directors.
Former sporting director of Monaco, Paul Mitchell is expected to occupy the same role within the Mancunian club, while Jean-Claude Blanc might become the general manager. Dave Brailsford should also have a central role.
“As a local boy and lifelong supporter of the club, I am very pleased that we have been able to reach an agreement with the Manchester United board.”said Jim Ratcliffe.
“Our shared ambition is clear: we all want to see Manchester United where they belong, at the pinnacle of English, European and world football.”
The Red Devils are currently eighth, eight points behind fourth place, qualifying for the Champions League.
