Sir Jim Ratcliffe has warned against the prospect of Manchester United trying to land superstar signings like Jude Bellingham or Kylian Mbappe.

The Ineos chairman is taking control of footballing operations at United following his recent minority purchase and wants to turn them back into the force they once were.

However, he believes spending big on marquee signings is not the way to prosper.

Appearing as a guest on Geraint Thomas’ Cycling Club podcast, the 71-year-old was asked whether he would try and sign England star Bellingham.

He replied: “He is a great footballer. It’s not where our focus is, the solution isn’t spending a lot of money on a couple of great players.

“They have done that, if you look at the last 10 years, they have spent a lot of money on a couple of great players.

“The first thing we need to do is get the right people in the right boxes who are managing and organising the club.

“And make sure we get recruitment right, it is such a vital part of football today.”

Later in the podcast he was given a choice of signing Mbappe for United or cyclist Tadej Pogacar for his Ineos team and he said: “I would rather sign the next Mbappe rather than spend a fortune buying success.

“It’s not that clever buying Mbappe. Anyone could figure that one out. More challenging is to find the next Mbappe or next Bellingham or next Roy Keane.”

Radcliffe is working with his long-term right-hand man Dave Brailsford at United, with Omar Berrada incoming as chief executive.

And he said it would be a “longer road” to make United great again.

“The two people who are most focused on it would be Dave and myself, in terms of how we resolve it all,” he added.

“We’ve now got Omar Berrada of course, our new CEO from Manchester City, who is still on gardening leave at the moment, he’ll be a big part of it.

“But it’s Dave and myself really.

“You have to believe with Manchester Utd, if we get all the details right, all the right people in the right boxes, doing the right things in the right environment, that sporting elite environment that the results will drop out the bottom.

“Those things are not right at Manchester United today as we’ve said very clearly.

“It’s not a light switch, it’s a much longer road to travel because there’s so many aspects to it.”

Sir Jim Ratcliffe says Manchester United’s journey back to the top of world football starts now after completing his £1.3billion deal to become minority owner of the Premier League giants

A year and three months after the club announced a strategic review, and 58 days after a deal was struck, there is finally a new power structure in place at Old Trafford.

Ratcliffe has completed his purchase of 25 per cent of the shares owned by the Glazer family, who have been United’s majority owners since their controversial leveraged buyout in 2005.

The Ineos chairman paid 33 US dollars (£26) for each of those shares and the same price for 25 per cent of Class A shares, with 10 times fewer voting rights, following a tender process.

Ratcliffe takes control of football operations as part of the deal and plans to ramp up United’s rebuild after his team looked under the hood and began to make moves during the ratification process.

“To become co-owner of Manchester United is a great honour and comes with great responsibility,” the British billionaire said.

“This marks the completion of the transaction, but just the beginning of our journey to take Manchester United back to the top of English, European and world football, with world-class facilities for our fans.

“Work to achieve those objectives will accelerate from today.”

Faltering United have not added to their England record 20 league titles since Sir Alex Ferguson retired in 2013, winning just four major trophies in that period.

The Red Devils have lost their way under the Glazer family and Ratcliffe’s involvement brings new hope to Old Trafford.

United co-chairman Joel Glazer said: “I would like to welcome Sir Jim as co-owner and look forward to working closely with him and Ineos Sport to deliver a bright future for Manchester United.”

Ratcliffe’s ownership of United stands at 27.7 per cent as further shares were issued in return for his initial 200m US dollars (£158.5m) capital investment upon completion.

His ownership will increase to 28.9 per cent when he invests a further 100million US dollars (£79.2m) by December 31, 2024.

The outlay from Trawlers Ltd, a company wholly owned by Ratcliffe, is worth a total of 1.65bn US dollars (£1.3bn).

That deal received Premier League and Football Association approval last week and was officially confirmed on Tuesday evening.

The 71-year-old, who was born in Failsworth, Greater Manchester, was a United fan growing up and has been a regular presence around the club since the deal was announced on Christmas Eve.

That included Ratcliffe attending United’s Premier League match against Tottenham on January 14 and the Munich air disaster memorial at Old Trafford on February 6.

Sir Dave Brailsford, Ineos’ director of sport, has been an even greater presence and is set for a key role as Ineos takes control of football operations.

Changes have already started and United raised eyebrows across the football world last month when announcing Manchester City’s Omar Berrada as their new chief executive.

United are hoping to bring in Newcastle sporting director Dan Ashworth as part of their rebuild. The former Football Association technical director has been placed on garden leave after telling the Magpies he was leaving.

The completion of the deal marks the conclusion of a saga which began back in November 2022 when the Glazers announced plans for a strategic review, which could include the sale of the club.

Ratcliffe and Qatari businessman Sheikh Jassim were the front-runners when it became apparent a full sale would be considered, but the latter withdrew last October.

Ratcliffe’s focus shifted to the purchase of a significant minority stake, which has now finally been completed.

Manchester United boss Erik ten Hag is confident Sir Jim Ratcliffe’s INEOS Group want to work with him and believes the incoming minority owners can help the club fulfil their lofty ambitions.

The Old Trafford giants announced on Christmas Eve that a long-awaited deal has been reached for boyhood fan Ratcliffe to buy a 25 per cent stake in the Premier League outfit.

INEOS is taking responsibility for United’s footballing operations under the terms of a deal that is expected to take four to six weeks to receive regulatory approval.

Sir Dave Brailsford, INEOS’ director of sport, was at Old Trafford on Boxing Day for the stunning 3-2 turnaround against Aston Villa, and Ten Hag says he will be speaking to the new minority owners soon.

“The schedule is so condensed so I didn’t have the time so far to speak with them, but it will come and I look forward (to it),” the United boss, who has been the subject of scrutiny and criticism this season, said.

“They want to work with me, I want to work with them. We will have the conversations, the meetings, so we will see.”

Asked if he is expecting INEOS to be a regular presence at United’s Carrington training base, Ten Hag said ahead of Saturday’s trip to Nottingham Forest: “I’m focused on the game so far.

“So, I said, no, in this moment I don’t want to have distractions but in the coming days, weeks, there will be time for this and then I know more.

“But I think it’s a good thing, it’s very positive and, as I said, we are looking really forward to working together.

“INEOS wants to work with me, in this structure, and I want to work with them.”

The fact Ten Hag repeated his belief that Ratcliffe’s team wanted to work with him seemed to suggest he has had some kind of assurances.

“From the start of the process I was kept informed,” the Dutchman said when that theory was put to him. “First by (departing chief executive) Richard Arnold, later on by (interim chief executive) Patrick Stewart.

“So I know everything, I know every detail, how the meetings and how the talks are, how the agreements are. Now it just has to settle down, give us some time.

“I have to talk with them and not with you about this and then we will see but I’m sure, I’m very positive about the messages I have been given.”

Under the terms of the agreement, INEOS will be consulted on football matters as they await ratification for a deal that Ten Hag believes can help awaken what have become stumbling giants.

Off the field, Ratcliffe has committed £236.7million to enable future investment into Old Trafford, while INEOS Sport’s widespread experience could prove beneficial on the pitch.

As well as interests varying from cycling to sailing and Formula One to rugby, Ratcliffe owns French football club Nice – currently second in Ligue 1 – and Swiss Super League team Lausanne-Sport.

“In other clubs, they have experience,” Ten Hag said. “In other sports, they have a lot of experience, a lot about performance, so they have a lot of knowledge.

“I’m really looking forward to (seeing) how they can contribute and I’m sure they can.

“We have to pick the things. Football is a very complicated sport, especially in the top, so I’m sure they will contribute, they will help us to achieve our high ambitions.”

Ten Hag has made it clear during his reign that United have to become regular trophy contenders once again, but FA Cup glory is all they can fight for this term.

Out of Europe, the Carabao Cup and Premier League title race, the Red Devils end of a topsy-turvy 2023 at rejuvenated Forest on Saturday evening.

Anthony Martial remains unwell and unavailable on a lengthy injury list that Ten Hag says will soon ease, with Lisandro Martinez, Casemiro and Mason Mount due back in mid-January.

“I think we are very optimistic,” he said looking ahead to the second half of the season.

“When the players return and now the luck is a little bit on our side now in the matter of injuries, then (it will be like) we have five or six new signings in January.”

Sir Jim Ratcliffe has directly contacted fans after agreeing to buy a 25 per cent stake in Manchester United, telling them he takes his responsibility to put the club back on top of world football “very seriously” but also calling for patience.

United announced on Christmas Eve that Ratcliffe, the chairman of INEOS, had finalised a £1.25billion deal for a share of the Premier League outfit and will invest more than £236m to refurbish the debt-laden club’s infrastructure.

INEOS will also take over the management of United’s football operations. INEOS director of sport Sir Dave Brailsford attended United’s match against Aston Villa at Old Trafford on Tuesday night.

Ratcliffe has now written to the Manchester United Supporters’ Trust, the Fans’ Forum and the Fans’ Advisory Board insisting INEOS “are in for the long-term” but advising that success on the pitch “will require time and patience”.

“I wanted to write to you at this time given the critical role of the fans to the future of Manchester United as we recognise our responsibility as custodians of the club on your behalf,” Ratcliffe wrote, echoing various sentiments expressed in a Christmas Eve statement outlining his ambitions for the club.

“I believe we can bring sporting success on the pitch to complement the undoubted commercial success that the club has enjoyed.

“It will require time and patience alongside rigour and the highest level of professional management.

“You are ambitious for Manchester United and so are we. There are no guarantees in sport, and change can inevitably take time but we are in it for the long term and together we want to help take Manchester United back to where the club belongs, at the very top of English, European and world football.

“I take that responsibility very seriously.

“Please note that, as with any deal, it is subject to the usual regulatory sign-off process and therefore we do not expect to speak publicly about club matters until after the deal is completed.”

It is understood that Premier League approval for Ratcliffe’s investment could take between four and six weeks.

The 71-year-old Ratcliffe, a childhood United fan who was born in nearby Failsworth, agreed his stake in the club following an ownership saga that lasted 13 months.

The club’s United States-based owners, the Glazer family, revealed their intention to undertake a strategic review of their options, including the possibility of selling up, in November 2022.

Ratcliffe and Qatari businessman Sheikh Jassim were both in the running to oversee a buyout of the club until October.

Sheikh Jassim withdrew his bid for full control of the club on October 14, with Ratcliffe’s focus shifting to taking a significant minority stake.