Ineos Group chairman Sir Jim Ratcliffe has agreed to buy a 25 per cent stake in Manchester United and inject around £236million into the club, the Red Devils have announced.
Ineos, who will assume delegated responsibility for the club’s football operations, and United have entered an agreement under which he will acquire 25 per cent of the Class B shares held by the Glazer family and up to 25 per cent of the Class A shares while investing 300 million US dollars (£236.7million) into its infrastructure.
A club statement said: “Manchester United announces 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.
“As part of the transaction, Ineos has accepted a request by the board to be delegated responsibility for the management of the club’s football operations. This will include all aspects of the men’s and women’s football operations and academies, alongside two seats on the Manchester United PLC board and the Manchester United Football Club boards.”
The statement continued: “The joint ambition is to create a world-class football operation building on the club’s many existing strengths, including the successful off-pitch performance that it continues to enjoy.
“The transaction is subject to customary regulatory approvals and all parties are hopeful it will be completed as soon as possible.”
Ratcliffe said: “As a local boy and a lifelong supporter of the club, I am very pleased that we have been able to agree a deal with the Manchester United board that delegates us management responsibility of the football operations of the club.
“While the commercial success of the club has ensured there have always been available funds to win trophies at the highest level, this potential has not been fully unlocked in recent times.
“We will bring the global knowledge, expertise and talent from the wider Ineos Sport group to help drive further improvement at the club, while also providing funds intended to enable future investment into Old Trafford.
“We are here for the long term and recognise that a lot of challenges and hard work lie ahead, which we will approach with rigour, professionalism and passion. We are committed to working with everyone at the club – the board, staff, players and fans – to help drive the club forward.
“Our shared ambition is clear: we all want to see Manchester United back where we belong, at the very top of English, European and world football.”
Keane doubts Man Utd will crack top four under Amorim this season
Roy Keane does not believe Manchester United will get back into the Premier League's top four under Ruben Amorim this season due to a "real lack of quality".
The Red Devils legend was speaking after United started life under the Portuguese with a 1-1 draw at Ipswich Town, as Omari Hutchinson cancelled out Marcus Rashford's second-minute opener.
Keane acknowledged Amorim has to be given time to turn things around at Old Trafford, but does not see United cracking the top four this season.
"You have to give the man a chance," Keane told Sky Sports. "But the threat going forward, it's a huge problem for Man Utd. It's not good enough.
"Do I believe they have the quality to get them back to top four? Absolutely not. The evidence is not there. It's the same old stuff. Predictable and a real lack of quality."
United created 0.9 xG compared to Ipswich's 1.75 and had fewer shots on target (four) compared to Ipswich (six) at Portman Road.
They did have more touches in the opposition box (16 to 11) but had fewer final-third entries (48 to 61) and big chances created (two to three).
Ipswich were extremely resilient opponents after their early setback, and Tractor Boys boss Kieran McKenna praised his side, particularly Hutchinson after he grabbed his first Premier League goal.
"I thought he (Hutchinson) was a big threat first half, naturally more a winger, but most teams are going to press us high and in the spaces in the middle of the pitch having a dribbler in the middle of the pitch who's elusive and hard to pick up can be a big threat," he told Sky Sports.
"I think it's his first goal in the Premier League he'll be happy to have that of his back and he's improving."
"The first half, it's a blow to concede the early goal but I thought as the half went on we grew in the ascendancy, and the intensity of pressing and work on the ball.
"I thought we were the dominant team in the first half and deserved to be going in at least level. Second half in fairness, Man Utd had more control. It was difficult, we had to defend with real discipline on shape."
Leganes 0-3 Real Madrid: Mbappe and Bellingham score as Blancos close on Barcelona
Kylian Mbappe and Jude Bellingham were both on target as Real Madrid moved to within four points of LaLiga leaders Barcelona with a 3-0 win at Leganes.
Federico Valverde also scored for Carlo Ancelotti's side, who still have a game in hand on leaders Barca, who were pegged back in a 2-2 draw with Celta Vigo on Saturday.
Mbappe ended a goal drought of over 400 minutes after being teed up by Vinicius Junior shortly before half-time, moments after Leganes had surrendered possession near the edge of their own area.
Madrid dominated possession throughout the second half and doubled their advantage in the 66th minute, Valverde drilling a low effort home from a free-kick won by Bellingham.
Bellingham later got in on the act with a header on the rebound after substitute Brahim Diaz rattled the crossbar, as Madrid cruised to back-to-back league wins.
Data Debrief: Dirty work pays off for Madrid
Mbappe's opener, scored at a vital time shortly before the interval, set Madrid on their way to victory on Sunday.
Eduardo Camavinga and Bellingham both pressed high to help the visitors recover possession in the build-up, and Madrid have now scored five goals resulting from high turnovers in LaLiga this season – the most of any team across Europe's top five leagues.
This was the first time Ancelotti had faced Leganes in LaLiga, and he has now beaten all 28 different opponents he has come up against in the competition.
Napoli 1-0 Roma: Lukaku downs former club on Ranieri's return
Claudio Ranieri's Roma return was spoilt by Romelu Lukaku, whose goal against his old club sealed a 1-0 win for Napoli.
Ranieri was appointed Roma boss over the international break, with the 73-year-old coming out of retirement to take charge of the club for a third time.
Yet it was ex-Roma striker Lukaku who decided Sunday's contest at Stadio Diego Armando Maradona, with his 54th-minute effort sending Antonio Conte's team back to the top of Serie A.
Lukaku was well-placed to convert from Giovanni Di Lorenzo's cutback, bringing up his fifth Serie A goal of the campaign.
Roma, who had just two attempts and managed only 0.07 expected goals (xG) in the first half, woke up after Lukaku's goal, with Artem Dovbyk powering a header off the woodwork from a free-kick minutes later, but the visitors' comeback attempts proved fruitless.
Ranieri's next task is to rally his troops for a Europa League clash with Tottenham on Thursday.
Data Debrief: Ranieri's underwhelming return
There was no sign of an immediate upturn for 12th-place Roma, if they were hoping for a new-coach bounce.
Roma ended the first half with fewer than 70 successful passes (68). It is the first time they have had so few successful passes in the opening half of a league game since 2004-05.
With only three wins to their name in the league, they have won fewer than four matches in their opening 13 Serie A games for the first time since the 1978-79 campaign (also three).
And of course, it had to be Lukaku, who was leading their line last season, that delivered the hammer blow. The Belgium international has been involved in nine goals in Serie A this term (five goals, four assists). Only his former Everton club-mate Ademola Lookman, now a star at Atalanta, has contributed to more goals in the competition (seven goals, four assists).
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