Impending investment from Sir Jim Ratcliffe into Manchester United will not lead to a ‘spending spree’ from the club in the transfer market.
Ratcliffe is negotiating a deal that would see the British billionaire purchase a 25% stake in the Premier League side, worth around £1.3bn.
Ratcliffe had been one of the frontrunners to takeover at Manchester United since the Glazer family announced an intention to sell shares last November, but both the 70-year-old and Qatar’s Sheikh Jassim bin Hamad al-Thani have been frustrated in their bid to take full control at Old Trafford.
Sheikh Jassim has now withdrawn his interest in the Red Devils, leaving the path clear for Ratcliffe to purchase a minority stake.
The proposed deal will see Ratcliffe – chairman and chief executive officer of the INEOS chemicals group – purchase 25% of Manchester United and assume control of the sporting side of the club. He has experience in running sports teams as owner of Ineos cycling and French football club Nice.
However, The Guardian report that the investment is unlikely to lead to a wealth of new signings in January as United navigate financial fair play (FFP) restrictions. United have spent around £407m on new signings since Erik ten Hag’s appointment as manager in 2022.