Manchester United's future footballing decisions will require the approval of Sir Jim Ratcliffe, according to the Daily Mail. The billionaire businessman's minority investment in the club comes with a clause that gives him the power to veto any changes, including the potential sacking of manager Erik ten Hag. Ratcliffe's involvement is part of a 241-page document published on the New York Stock Exchange, which outlines his role in the club while his investment is being ratified.
Consulting Sir Jim Ratcliffe
The document reveals that Ratcliffe and his company INEOS will need to give their approval for any new signings or football-related decisions made by the club. This includes the appointment, dismissal, or resignation of any Director of Football or First Team Manager. Manchester United will have to consult Ratcliffe and INEOS during this interim period until his stake is confirmed and the sale of Class A and Class B shares is complete.
Changes Expected at the Club
It is anticipated that the first significant change under Ratcliffe's ownership will be the replacement of the sporting director, with John Murtough likely to be replaced. While Ratcliffe is reportedly a fan of Erik ten Hag, there is speculation that the Dutchman may be in a vulnerable position following the takeover. Manchester United 's recent performance has been inconsistent, and a new manager could signal a fresh start for the club.
Positive Start for INEOS
Despite the uncertainty surrounding the club's future, Manchester United had a successful start under INEOS ownership. They came back from a 2-0 deficit at half-time in their latest match, winning 3-2. Ten Hag expressed his positivity about the new investment, stating that he was kept informed throughout the process and believes INEOS's experience in various sports can help the club achieve their goals.
courtesy of thesun.co.uk
Overall, Ratcliffe's involvement in Manchester United's decision-making process highlights the significant impact of his investment. The club is entering a new era under INEOS ownership, and fans will be eager to see how these changes unfold.