Billionaire Jim Ratcliffe’s £1.25 billion investment in Man Utd will be made next week, near the time the “Red Devils” meet Bayern Munich in the Champions League.
The British press confirmed that Ratcliffe’s acquisition of 1/4 ownership of Man Utd from the Glazer family is expected to be announced early next week. The British billionaire will buy 25% of class A shares listed on the New York Stock Exchange as well as 25% of class B shares of the Glazer family with greater voting rights.
Billionaire Jim Ratcliffe will “pump” an additional 245 million pounds into the Manchester club to upgrade Old Trafford and the Carrington training center. The head of energy group Ineos (UK) will take control of Man Utd’s football activities when the takeover is completed, although the Glazer family will still hold the majority of shares.
The time Jim Ratcliffe completed investing 1.25 billion pounds in Man Utd came at the same time the “Red Devils” prepared to face Bayern Munich (03:00 on December 13) in the final round of Group A UEFA Champions League 2023-24 above. Old Trafford.
Coach Erik Ten Hag’s team is facing the risk of being eliminated on the continent’s largest playground. Man Utd will only win tickets to the 1/8 round of the UEFA Champions League if they win against Bayern Munich, and the match between Copenhagen and Galatasaray results in a draw.
After losing to Newcastle in round 14 of the Premier League last weekend, Man Utd is in a serious crisis. If they do not improve their performance, it will be difficult for the Manchester club to appear in the top 4 and win a place in the Champions League next season.