Ineos billionaire and ‘local boy’ now controls football operationsMove throws spotlight on future of manager Erik ten HagSir Jim Ratcliffe has completed a deal to buy a minority stake in Manchester United. The British billionaire has spent just over...
Ineos billionaire and ‘local boy’ now controls football operationsMove throws spotlight on future of manager Erik ten HagSir Jim Ratcliffe has completed a deal to buy a minority stake in Manchester United. The British billionaire has spent just over £1bn to acquire 25% of the club and gain control of football operations. He will provide a further $300m (£237m) for investment in infrastructure at Old Trafford.
Ratcliffe’s arrival will throw a spotlight on the future of Erik ten Hag. While the club has been in flux there has been no structure to sack the manager and Ratcliffe will decide whether to keep faith with the Dutchman after a miserable first half of the season. United are out of Europe after finishing bottom of their Champions League group and go into the Boxing Day game at home to Aston Villa eighth in the Premier League. They have not scored in their past four matches.
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