December 21st 2023.
Sir Jim Ratcliffe is making major waves as he looks to purchase a 25% stake in Manchester United. The 71-year-old billionaire is set to control football operations as part of his £1.3bn investment in the Red Devils, and while a deal may not be announced until 2024, Ratcliffe is already hard at work in the background.
One of the main goals of Ratcliffe's plan is to streamline the operations of the club, which currently has over 1100 employees - notably more than rivals such as Manchester City and Arsenal who have around 700. Ratcliffe wants to ensure that staff are more accountable for their work and increase productivity. To this end, he is reportedly planning on making significant cuts and bringing in his own team, such as Sir Dave Brailsford and Jean-Claude Blanc. This is evidenced by the fact that Richard Arnold, the club's former CEO, has already stepped down.
Sir Jim Ratcliffe could be a major game changer for Manchester United. Once his stake in the club is confirmed, it will be interesting to see how he implements his vision for the club and if it helps bring success back to Old Trafford.
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