Sir Jim Ratcliffe's Ineos team is on the verge of finalizing a deal to acquire a 25% stake in Manchester United. The Premier League has already approved the purchase after the necessary tests were passed. The deal now awaits approval from the Football Association and completion of regulatory processes.
Once the deal is officially completed, Ineos's top priority will be to appoint a new director of football. Newcastle sporting director Dan Ashworth is the leading candidate to replace John Murtough in this role.
While Murtough is expected to leave his position as football director, there are discussions about potentially keeping him on in some capacity at Old Trafford.
Sir Dave Brailsford, a close associate of Ashworth, is determined to persuade him to join the Ineos revolution. Brailsford's successful recruitment of Omar Berrada as the new United CEO has given the club confidence in attracting top talent from other clubs.
The deal is expected to be completed very soon, with only a few candidates remaining in consideration. Once finalized, Ineos will undertake a full audit of football affairs and begin the process of overhauling the playing personnel.
The Premier League has officially approved Sir Jim Ratcliffe's acquisition of a 25% stake in Manchester United, along with an additional investment of $300 million in the club. This marks the first acquisition of control to be reviewed and approved by an independent oversight panel.
Ineos's plans for Manchester United include modernizing Old Trafford and restructuring football operations. Ratcliffe is expected to outline these plans in a press conference.
The completion of the deal between Ineos and Manchester United is imminent. With the appointment of a new director of football and plans for a full audit and overhaul, the club is poised for significant changes. Fans can look forward to a modernized Old Trafford and a restructured football operations department.
Alex Johnson is a dynamic and insightful sports journalist with a deep expertise in Premier League football. His vibrant writing brings a unique perspective to football analysis and reporting.