Manchester United Hint at Glazer Departure with ‘Takeover Update’ Drop
Manchester United has recently gained investment from Sir Jim Ratcliffe and INEOS, which will result in Ratcliffe having a 29% stake in the club pending Premier League ratification. This investment means that Ratcliffe’s influence extends beyond football operations to include control over the commercial side of the club.
Following the transfer of control over football operations to Ratcliffe, it has been reported that the club has recognized the impact of commercial decisions on its sporting success. This broader influence will see INEOS collaborating with the Glazers on business decisions, as it was deemed unrealistic to separate the club into distinct sections for management.
A meeting led by interim chief executive Patrick Stewart informed club staff of the expanded scope of Ratcliffe and INEOS’ involvement. While their primary focus will be on the sporting side, they have been granted a wider remit to drive improvements both on and off the pitch. This expansion of their role aims to bolster the club’s overall performance and success.
