Billionaire Jim Ratcliffe wrote a letter to Man Utd fans with the promise to help the “Red Devils” return to their previous level.
“I wanted to write to you at this time because of the important role you play in the future of Man Utd, as we accept your responsibilities as custodians of the club on your behalf,” Billionaire Jim Ratcliffe shared a letter to his fans in the Manchester United Supporters Trust, as he vowed to do all he can to bring the glory days back to Old Trafford.
Previously, Mr. Jim Ratcliffe paid the Glazers 1.03 billion pounds to buy back 25% of the shares in Man Utd, meaning the British billionaire will take over and be in charge of football activities at Old Trafford.
Accordingly, billionaire Jim Ratcliffe’s INEOS Company will take control of the club’s football activities, including the men’s team, women’s team and academy, and Ratcliffe will invest an additional 300 million USD to develop Man Utd. .
“I believe we can bring sporting success on the field to complement the commercial success the club has already achieved.
However, it will require time, patience along with rigor and the highest level of professional management. Everyone has ambitions for Man Utd and so do we.
There are no guarantees in sport, and change will certainly take time but we are in it for the long term and together we want to help take Man Utd back to where it belongs, at the pinnacle of football. English football in Europe and the world. I take that responsibility very seriously.
Please note that, like any agreement, it is subject to the usual regulatory signing process and we therefore do not expect to speak publicly about Club matters until the agreement is complete. everything,” billionaire Jim Ratcliffe shared in his letter.
According to British media, billionaire Jim Ratcliffe is a petrochemical tycoon, with a net worth as of May 2023 revealed to be about 29 billion pounds.
Jim Ratcliffe grew up in the suburbs of Manchester and has been a fan of the “Red Devils” since childhood. He was present at the Champions League final in 1999 when legendary coach Sir Alex Ferguson’s team won the treble against Bayern Munich.
Man Utd fans expect Jim Ratcliffe to help the “Red Devils” transform, especially at a time when the Manchester club is experiencing a disappointing season under coach Erik Ten Hag as of now.