Accordingly, billionaire Sir Jim Ratcliffe completed the purchase of 25% of Man Utd’s shares for 1.3 billion pounds. Previously, the Red Devils were expected to announce an official contract with the British billionaire before Thanksgiving this Thursday. However, according to information from British media, this official announcement will have to wait until next week.
Specifically, after Sir Jim Ratcliffe becomes a shareholder of Man Utd, this billionaire will start by reforming the leadership system. However, in order to officially intervene in the Red Devils’ restructuring plan, he will have to wait another 6 to 8 weeks for approval from the Premier League after the Old Trafford team confirmed he became a shareholder. majority of the team.
This means that Sir Jim Ratcliffe will have to wait a long time before being able to make decisions on personnel changes. However, the Glazer family – the owner of Man Utd – still retains the right to make the final decision because they are still the shareholders who own the most shares in the team.
Last week, CEO Richard Arnold announced that he will leave Man Utd at the end of this year. This decision, although approved by Sir Jim Ratcliffe, was not supported by Joel Glazer. This is creating negative signs for the relationship between the two largest shareholders of the Red Devils.
After Richard Arnold left his position, Director of Football John Murtough was rumored to be the next leader who could lose his job under the management of Sir Jim Ratcliffe. However, there has been no official announcement on this yet and Murtough remains an important figure at Carrington. He is even expected to add personnel to strengthen the scouting team for both the youth team and the first team.
One of the other issues that Sir Jim Ratcliffe is particularly concerned about is the future of Jadon Sancho. This player was removed from the first team after a conflict with coach Ten Hag. According to the British billionaire, Sancho has the potential to develop and become a big star at Old Trafford and he proposed that coach Ten Hag actively resolve the conflict with the former Dortmund star.