Sir Jim Ratcliffe’s Man Utd stake ALREADY set to grow from 25 per cent as terms of deal with Glazers are revealed
SIR JIM RATCLIFFE’S stake in Manchester United is already allegedly set to grow.
The 71-year-old British billionaire completed his £1.3bn 25 per cent takeover of the club on Christmas Eve.
ReutersIneos chairman Sir Jim Ratcliffe’s stake in Man Utd is set to grow[/caption]
He is prepared to pump £237m into the club and is set to have two of his most trusted lieutenants keeping a close eye on goings on at the club next month.
Ineos’ director of sport Dave Brailsford and CEO Jean-Claude Blanc will head to Carrington tasked with assessing the football operation.
Brailsford has already made his presence felt as he endured a rollercoaster of emotions at Old Trafford during United’s thrilling 3-2 comeback win over Aston Villa last night.
Ratcliffe will be in charge of football operations after purchasing a stake in the club from the Glazer family – who fans are desperate to see the back of.
However, his stake is set to grow from the original 25 per cent after terms of deal with Glazers were revealed.
That is according to journalist Ben Jacobs, who stated on social media: “Sir Jim Ratcliffe’s final %, if the completion process goes to plan, will be just over 29%.
“That’s 25% from the Class B shares (agreed) and Class A tender (ongoing).
“Then just over 4% from his injection of $300m into the club.”
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Jacobs also added: “Been the plan for months to take extra shares in return for Ratcliffe’s initial investment.”
We reported this week how Ratcliffe could cut as many as 300 jobs at United.
But while that could cause unrest off the pitch, Erik ten Hag’s brought some much-needed joy on it yesterday.
The Red Devils came from 2-0 down at half-time to beat Aston Villa 3-2 with a brilliant second half performance.
Ten Hag’s men fell behind to a never-seen-before free-kick tactic that left both the goalkeeper and defence bamboozled.
Things got worse when Leander Dendoncker doubled the visitors’ lead.
But a stirring second half performance saw them bounce back to earn a crucial victory.
Alejandro Garnacho grabbed a double while Rasmus Hojlund’s first Premier League goal sealed the points late on.
