- Ineos billionaire and ‘local boy’ now controls football operations
- Move throws spotlight on future of manager Erik ten Hag
Sir Jim Ratcliffe has completed a deal to buy a minority stake in Manchester United. The British billionaire has spent about £1.25bn to acquire up to 25% of the club and gain control of football operations. As part of the agreement he will provide a $300m (£237m) fund for investment in infrastructure at Old Trafford.
Ratcliffe’s arrival will throw a spotlight on the future of Erik ten Hag. While the club has been in flux there has been no structure to sack the manager and Ratcliffe will have to decide whether to keep faith with the Dutchman after a miserable first half of the season. United are out of Europe after finishing bottom of their Champions League group and go into the Boxing Day game at home to Aston Villa eighth in the Premier League. They have not scored in their past four matches.
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