Connect with us


Man United takeover: Jim Ratcliffe to invest more money than Sheikh Jassim offered



Sir Jim Ratcliffe will reportedly provide more funds into Manchester United than Sheikh Jassim, despite purchasing only a 25% stake in the club.

The takeover which is expected to be announced by next week, will see Ratcliffe take a minority position but with serious influence over the club’s sporting department.

INEOS, Ratcliffe’s company, will collaborate with Joel Glazer to form a committee overseeing the club’s sports strategy.

The Sun UK said Ratcliffe plans to invest £245 million from his personal funds this year, with a total expected investment of £1.6 billion to enhance facilities like Carrington training ground and support the academy and both first-teams.

Man United takeover: Jim Ratcliffe to invest more money than Sheikh Jassim offered
Sir Jim Ratcliffe – Getty image

In contrast, Sheikh Jassim, the main bidding rival, had proposed a £1.4 billion investment, but withdrew from the process due to fee disagreements with the Glazers and the insistence on a 100% stake.

Ratcliffe aims to complete the takeover by January, with a focus on financial management and possible appointment of a new sporting director, with Paul Mitchell among the top contenders.


News35 mins ago

JUST IN: UBA Wins Big At The Bankers Awards, Covets African Bank Of The Year, Best Bank In 8 Of its Subsidiaries

Tv Series57 mins ago

Watch Series: Welcome To Samdal-ri Season 1 Episode 2 (Korean Drama) | Download

Entertainment1 hour ago

Inter beat Napoli 3-0 to secure top spot in Serie A table

Entertainment2 hours ago

“Guy went from 59 to 29” – Kcee trends as video of him without filter sparks reactions

Entertainment2 hours ago

“Why choosing a wife is one of the toughest decision for a man” – Fr. Kelvin Ugwu

Entertainment3 hours ago

Bundesliga: Boniface scores late equaliser in Bayer Leverkusen’s 1-1 draw against Dortmund

News4 hours ago

BREAKING: NTA Station On Fire As Properties Worth Millions Destroyed [VIDEO]

Entertainment4 hours ago

“I never scammed Nigerians, I never posted I needed kidney transplant” – Jay Boogie breaks silence

News4 hours ago

18-Year-Old Yusuf Abdullahi Nets 5 Goals As Kano Pillars Thrash Gombe United 5-2

Entertainment4 hours ago

Heartbroken Isreal DMW Reacts as Ex-Wife, Sheila Declares Being Single Isreal DMW,

Entertainment4 hours ago

EPL: Late drama as Tottenham hold Manchester City to 3-3 draw

Entertainment4 hours ago

“I Never Scammed Nigerians That I Needs Money for Kidney Transplant” – Bobrisky’s Counterpart, Jay Boogie Breaks Silence

Entertainment4 hours ago

“He Has Realized His Mistakes” Lyta Begs Olamide Publicly, Says He Wants to Return To YBNL

News5 hours ago

BREAKING: Erling #Haaland Fumes Over Referee Decisions Moment #Kulusevski Snatches Point For #Spurs As Man City Stumble To 3rd #On #EPL Table

News5 hours ago

Retired Directors Urge INEC To Build Institutional Knowledge Repository