Jim Ratcliffe, Owner of OGC Nice, Becomes Shareholder of Manchester United: Premier League Approval Pending

The rumors have become more and more insistent in recent hours, they were confirmed by the English club this Sunday afternoon: Jim Ratcliffe, boss of Ineos, owner of OGC Nice, is now also one of the shareholders of Manchester United.

The institution owned by the Glazer family, which is languishing in 8th place in the Premier League, indicated that it had sold nearly 25% of its shares to Ineos. The billionaire, born not far from the city, will inject 300 million euros intended to enable future investments in Old Trafford,” as indicated in the press release published on Christmas Eve. Ineos will also take charge of Manchester United’s sports operations.

The Premier League must still give its approval

As a local and long-time supporter of the club, I am very pleased to have reached an agreement with the Manchester United Board, which delegates responsibility for the management of the football operations of the club to us. reacted Jim Ratcliffe. “We will bring the knowledge, expertise and talent from across the Ineos Group to help the club improve, while providing the funds needed for future investment in Old Trafford.”

We are in this for the long term and we recognize that many challenges and a lot of work lie ahead,” added Ratcliffe, who continues to expand his sporting empire. The Premier League has yet to give its approval to this agreement, which could breathe new life into an institution which, since the departure of Alex Ferguson in 2013, has experienced more downs than ups on a sporting level.

Bruno Fernandes

Credit: Getty Images

2023-12-24 16:35:00
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