It’s not just any week in Manchester United: last Tuesday the company INEOS, owned by the British magnate Jim Ratcliffe, announced that its purchase of 27.7% of the club is official after the necessary reviews by the Premier League and the English Football Federation. This requires different changes. The agreement is worth 1.2 billion euros.
These first changes include the fact that, at the leadership level, the Manchester United announced this Wednesday in a statement that John Rees and Rob NevinINEOS directors, join the Old Trafford club’s board of directors.
More than that United it was made public Richard Arnoldformer CEO of the club (he resigned from the position on November 15), also resigned from his position on the board of directors last week.
In addition to the 1,000 million contributed by INEOS for the minority percentage, Ratcliffe It has pledged to inject 300 million more into bringing in new players and improving facilities, mainly at Old Trafford. The purpose of Ratcliffe will contribute “to give back to Manchester United Above”.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
