British billionaire acquired 25% of the club’s shares
British billionaire Sir Jim Ratcliffe commented on the acquisition of 25% shares Manchester United. He is determined to return the English club to the top of world football.
“As a local and lifelong supporter of the club, I am delighted that we have been able to reach an agreement with the Manchester United board of directors to delegate the management of the club’s football activities to us. While the club’s commercial success has ensured that the means to win trophies at the highest level will always be available, this potential has not been fully realized in recent times.”
“We are here for the long haul and recognize that there are many challenges and hard work ahead, which we will approach with rigor, professionalism and passion. We are committed to working with everyone at the club – the board, staff, players and fans – to help the club move forward.”
“Our shared ambition is clear: we all want Manchester United to return to where it belongs – at the very top of English, European and world football.”
It was reported that Ratcliffe would pay £1.25 billion for a stake in Manchester United. In the future, the billionaire expects to completely buy out the club.
Ratcliffe is the founder and CEO of chemical giant INEOS. The group is one of the co-owners of the Mercedes Formula 1 team, the owner of the Nice and Lausanne football clubs, the Ineos Grenadiers cycling team, as well as many other sports projects in rugby, sailing, and running.
Manchester United is in eighth place in the Premier League with 28 points after 18 rounds. The Red Devils’ next match will host Aston Villa on December 26th.
Source: Sportarena
I’m Scott Moore, a professional writer and journalist based in the US. I’ve been writing for various publications for over 8 years now, and have been working as an author at athletistic for the past five years. My work has been featured by some of the leading sports websites and magazines across Europe.
