Sir Jim Ratcliffe given new deadline to complete his investment in Man Utd

13 February 2024 , 08:00

831     0

Sir Jim Ratcliffe has seen his offer extended beyond Tuesday's original deadline (Image: PA)

Sir Jim Ratcliffe’s offer for 25 percent of Manchester United's Class A shares traded on the New York Stock Exchange has been extended until midnight on Friday night.

The offer was due to expire on Tuesday night but the bid, which was part of Ratcliffe’s deal to become the minority owner of the Premier League club will now be extended. On Christmas Eve it was announced that the Ineos chief had agreed to buy a 25 percent stake in the Manchester outfit.

It was confirmed that Ratcliffe would offer to buy up to 25 per cent of all Class A shares at a price of 33 US dollars (£26) per share. That is alongside him buying Class B shares held by the Glazer family, who have given him control of the footballing operations at Old Trafford.

Despite his continued presence in recent weeks the deal to officially bring Ratcliffe on board has not been completed, although it is imminent. Already the billionaire has begun influencing things behind the scenes, helping bring in a new CEO from rivals Manchester City.

Some of his trusted lieutenants, the likes of Sir Dave Brailsford, have also begun their involvement as they look to end a decade of failure on the red half of the city. There is still plenty for Ratcliffe to get his teeth stuck into before next season begins.

Marcel Sabitzer completes Man Utd transfer after last-minute deadline day dash

Erik ten Hag has begun to find some consistent results but failure to make the top four could yet lead to a change. The Dutchman has confirmed he's had no dialogue with the incoming majority owner over his future.

Ratcliffe is also set to make a major impact on the club's recruitment, which has consistently let them down. United have spent big sums with players often failing to deliver. The Ineos chief has already devised a transfer strategy and also wants to target more homegrown talent.

The British billionaire has already begun making an impact at Old Trafford (PA)

The Ineos chief's deal also came with a guaranteed investment into the club's infrastructure, which has been largely neglected by the Glazers. Already there is talk of improving Old Trafford or potentially moving to a new venue as United look to keep pace with their rivals.

Ratcliffe has talked about creating a 'Wembley of the North' and he could lobby the Government to held fund a new venue as part of their 'Levelling up' pledge.

and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our

Samuel Meade