December 24th 2023.
Jim Ratcliffe's minority takeover of Manchester United has finally come to fruition. The INEOS billionaire has purchased a 25% stake in the Premier League side for £1.3billion and now has control of the football operations.
The news was confirmed on Christmas Eve, 13 months after the Glazer family announced they were "exploring strategic alternatives for the club" - much to the delight of Man Utd fans who have wanted the Glazers out for a long time.
Despite the excitement of new investment, the Manchester United Supporters Trust (M.U.S.T) are "puzzled by and skeptical of" the takeover. In a statement, they expressed their concerns about how this new structure will work and how the new investment will benefit the team on the field.
The situation of minority shareholders being in charge of the football operations side of a club is highly unusual, and only time will tell what the outcome of this takeover will be. M.U.S.T have stated that they will be having discussions with the club's management and the INEOS team to understand their plans and put to them the questions that fans have.
Sir Jim Ratcliffe himself has spoken out after the completion of the minority takeover, expressing that he hopes to bring success to Old Trafford. It remains to be seen whether this dream will come to fruition, with fans remaining sceptical until they can see the proof in the pudding.
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