According to sources, Manchester United will receive a significant boost this coming week when Sir Jim Ratcliffe’s reign is about to be ratified by the Premier League.

Ratcliffe will acquire a minority position.

December saw Manchester United proclaim, more than a year after the distasteful Glazer owners had declared their desire to look for new funding, that longstanding Red Devil supporter Sir Jim Ratcliffe would be acquiring a 25% share in the team.

“Manchester United plc (NYSE: MANU) announced today that it has entered into an agreement under which Chairman of INEOS, Sir Jim Ratcliffe, will acquire 25 per cent of Manchester United’s Class B shares and up to 25 per cent of Manchester United’s Class A shares and provide an additional $300 million intended to enable future investment into Old Trafford” , a company statement said at the end of 2023.

scarf-glazer-man-united-protest
Manchester United supporters will be happy to learn that the newest board member will have complete sporting control over the team as a result of an agreement with the Glazers, which is believed to have cost the club more than £1.1 billion.

Who is the board member of Manchester United?

Name

Function

Avram Glazer

Chief Executive Officer and Director

Joel A. Glazer

Chief Executive Officer and Director

Stewart Patrick

Acting Chief Executive Officer, General Counsel, and Chief Legal Officer in Transition

Cliff Baty

Director and Chief Financial Officer

Darren Arnold

Head

Kevin Glazer

Head

Bryan Glazer

Head

Kassewitz, Darcie Glazer

Head

Edward Glazer

Head

Robert Leitão

Director Without Rank

Manu Sawhney

Director Without Rank

Hooks, John

Director Without Rank

Jim Ratcliffe, Sr.

TBD

Ratcliffe’s top priority going forward are expected to be improving the training facility and stadium as well as getting back to winning ways on the pitch. Because of some careless transfer market expenditures, the team has fallen behind its competitors in recent years. However, despite the assurances, nothing has materialised thus far.

Premier League to approve Man Utd’s acquisition

Ratcliffe cannot yet formally influence anything, even though Manchester United has confirmed the deal; the Premier League has not yet ratified the arrangement. That will all change, though, as Football Insider reports that the Premier League will approve the Red Devils’ application next week, which will be a significant boost.

With Omar Berrada of Manchester City taking over as the new CEO at Old Trafford, the club has already started to undergo adjustments. However, it is anticipated that if Ratcliffe receives the go-ahead, the changes will intensify.

The stadium, which has become in disrepair in recent seasons, will be among his top priorities. The Theatre of Dreams is quickly turning into a football graveyard; just in the 2023–2024 season, a large portion of the roof has collapsed and another has developed a serious leak. Travelling supporters have also adopted a new chant in response, one that celebrates the fact that “Old Trafford is falling down” before making fun of struggling manager Erik ten Hag.

former traffic
After a season in which they have already lost nine Premier League games and spectacularly crashed out of European competition, it is unclear if the Dutchman will stay in command beyond this one.

Manchester United Premier League’s Erik Ten Hag
Nonetheless, Ratcliffe’s takeover permission should enable for the start of preparations for what promises to be a hectic summer at Old Trafford on all fronts.