Sir Jim Ratcliffe says Manchester United’s journey back to the top of world football starts now after completing his £1.3billion deal to become minority owner of the Premier League giants
A year and three months after the club announced a strategic review, and 58 days after a deal was struck, there is finally a new power structure in place at Old Trafford.
Ratcliffe has completed his purchase of 25 per cent of the shares owned by the Glazer family, who have been United’s majority owners since their controversial leveraged buyout in 2005.
The Ineos chairman paid 33 US dollars (£26) for each of those shares and the same price for 25 per cent of Class A shares, with 10 times fewer voting rights, following a tender process.
Ratcliffe takes control of football operations as part of the deal and plans to ramp up United’s rebuild after his team looked under the hood and began to make moves during the ratification process.
“To become co-owner of Manchester United is a great honour and comes with great responsibility,” the British billionaire said.
“This marks the completion of the transaction, but just the beginning of our journey to take Manchester United back to the top of English, European and world football, with world-class facilities for our fans.
“Work to achieve those objectives will accelerate from today.”
Faltering United have not added to their England record 20 league titles since Sir Alex Ferguson retired in 2013, winning just four major trophies in that period.
The Red Devils have lost their way under the Glazer family and Ratcliffe’s involvement brings new hope to Old Trafford.
United co-chairman Joel Glazer said: “I would like to welcome Sir Jim as co-owner and look forward to working closely with him and Ineos Sport to deliver a bright future for Manchester United.”
Ratcliffe’s ownership of United stands at 27.7 per cent as further shares were issued in return for his initial 200m US dollars (£158.5m) capital investment upon completion.
His ownership will increase to 28.9 per cent when he invests a further 100million US dollars (£79.2m) by December 31, 2024.
The outlay from Trawlers Ltd, a company wholly owned by Ratcliffe, is worth a total of 1.65bn US dollars (£1.3bn).
That deal received Premier League and Football Association approval last week and was officially confirmed on Tuesday evening.
The 71-year-old, who was born in Failsworth, Greater Manchester, was a United fan growing up and has been a regular presence around the club since the deal was announced on Christmas Eve.
That included Ratcliffe attending United’s Premier League match against Tottenham on January 14 and the Munich air disaster memorial at Old Trafford on February 6.
Sir Dave Brailsford, Ineos’ director of sport, has been an even greater presence and is set for a key role as Ineos takes control of football operations.
Changes have already started and United raised eyebrows across the football world last month when announcing Manchester City’s Omar Berrada as their new chief executive.
United are hoping to bring in Newcastle sporting director Dan Ashworth as part of their rebuild. The former Football Association technical director has been placed on garden leave after telling the Magpies he was leaving.
The completion of the deal marks the conclusion of a saga which began back in November 2022 when the Glazers announced plans for a strategic review, which could include the sale of the club.
Ratcliffe and Qatari businessman Sheikh Jassim were the front-runners when it became apparent a full sale would be considered, but the latter withdrew last October.
Ratcliffe’s focus shifted to the purchase of a significant minority stake, which has now finally been completed.
Paris Saint-Germain 3-3 Le Havre: Ramos rescues point but title confirmation must wait
Paris Saint-Germain were held to a 3-3 draw at home to relegation-battling Le Havre on Saturday and will need to wait before confirming their 12th Ligue 1 title.
PSG would have clinched the title with three games to spare with a victory. They have a 12-point gap over second-placed Monaco, who are at Lyon on Sunday, and a goal difference of 47 to Monaco's 18.
The away side opened the scoring in the 19th minute through Christopher Operi and PSG levelled 10 minutes later with Bradley Barcola scoring, but Le Havre went ahead again seven minutes before the break when Andre Ayew found the net.
Le Havre made it 3-1 with an Abdoulaye Toure penalty in the 61st minute, before Achrif Hakimi gave PSG hope with a goal 12 minutes from time and Goncalo Ramos levelled in added time. Le Havre are 15th on 29 points.
Aston Villa 2-2 Chelsea: Gallagher caps Blues fightback at Villa Park
Conor Gallagher scored the equaliser as Chelsea fought back from two goals down to clinch a deserved 2-2 draw with Champions League-chasing Aston Villa on Saturday.
Villa looked set to go nine points clear of Tottenham in the race to finish in the Premier League's top four, with Marc Cucurella's own goal and Morgan Rogers' low drive giving them a handsome half-time lead.
Mauricio Pochettino's men dominated much of the first half without reward, but they continued to press after the interval and cultured finishes from Noni Madueke and Gallagher dragged them level.
They almost completed a fine comeback in stoppage time, but there was relief for Villa when referee Craig Pawson disallowed a goal for Chelsea defender Axel Disasi following a VAR review due to an infringement from Benoit Badiashile.
It meant Villa boss Unai Emery was unable to celebrate his new long-term contract with three points, with his team now seven points clear of fifth-placed Spurs, who have three games in hand on their rivals.
Chelsea stay ninth and are five points adrift of the top seven, but with a game in hand to come, their European hopes are not yet over.
Villa made a flying start and were ahead within four minutes, albeit in somewhat fortunate circumstances. John McGinn didn't get a clean connection on Lucas Digne's left-wing cutback, but his shot bounced off Cucurella and into the net.
Chelsea thought they were level after 16 minutes as Nicolas Jackson raced clear to finish into the roof of the net, but his strike was disallowed for offside after a VAR review, with replays showing he was leaning beyond Matty Cash.
Jackson should then have equalised when found by Cucurella six yards out, but he could only send his header against the foot of the post and wide.
Villa then doubled their lead against the run of play shortly before half-time, with Djordje Petrovic powerless as Rogers squeezed his shot through Trevoh Chalobah's legs and in.
A hamstring injury saw Villa goalkeeper Emiliano Martinez withdrawn at half-time, and his replacement Robin Olsen was beaten after 62 minutes, Madueke stroking home after Gallagher forced a high turnover.
Olsen stuck out an arm to deny Madueke a second with 71 minutes gone, but he had no chance as the Blues levelled with nine minutes to play, Gallagher rifling a left-footed finish into the top-left corner.
Chelsea thought they had won it when Disasi headed home five minutes into stoppage time, but referee Pawson disallowed the goal following a VAR review, with Badiashile adjudged to have fouled Diego Carlos in the build-up.
Villa throw it away
Villa could hardly have wished for a stronger position at half-time. Despite Chelsea carving out several good openings, they found themselves 2-0 up and primed to exploit their opponents further through the pace of Ollie Watkins and Leon Bailey.
Chelsea had lost 16 of their previous 18 Premier League games when trailing at half-time (one win, one draw), losing their last eight when two or more goals behind at the break.
However, Emery's men simply didn't get going after the restart, and only a late VAR review saved them from a crushing defeat, with Disasi's potential winner chalked off for a foul by fellow defender Badiashile.
Gallagher leads from the front
Gallagher has polarised opinion at times this season, but Chelsea's stand-in skipper produced a talismanic display just when his team needed him most at Villa Park.
The England international is known for his tenacious work out of possession, and he forced a turnover on the corner of the Villa box in the build-up to Madueke's goal.
Gallagher's own strike, which flew into the top corner to stun the home faithful, took him to double figures for Premier League goal involvements for the season (four goals, six assists). He has only achieved that feat in one other campaign in the competition, scoring eight goals and adding three assists on loan at Crystal Palace in 2021-22.
Four of his seven Premier League goals for Chelsea, meanwhile, have now come from outside the area.
Chelsea Women 0-2 Barcelona Femeni (1-2 agg): Holders reach Champions League final again
Women's Champions League holders Barcelona overturned a 1-0 first-leg deficit to reach a fourth straight final on Saturday, beating 10-player Chelsea 2-0 at Stamford Bridge.
Emma Hayes' hopes of ending her glittering spell with the Blues by lifting the Champions League trophy were dashed in heartbreaking fashion in front of a sell-out crowd in West London.
Barca went ahead through Ballon d'Or winner Aitana Bonmati 26 minutes in, the diminutive Spaniard seeing her shot deflect off Kadeisha Buchanan to beat Hannah Hampton.
The hosts pushed for a response as Sjoeke Nuksen struck the post, but their position worsened just before the hour mark as Buchanan was perhaps harshly shown a second yellow card for her tackle on Salma Paralluelo.
Barca penned their hosts back from there and Bonmati was decisive again as they inched ahead with 15 minutes to play, drawing a foul from Ashley Lawrence and allowing Fridolina Rolfo to convert from the penalty spot.
Jonatan Giraldez's team have won two of the last three editions of the Champions League, also losing in the final to Lyon in 2021-22. They could be reunited with Les Lyonnaises in next month's final in Bilbao, as they hold a 3-2 lead over Paris Saint-Germain at the halfway stage of the other semi-final.
Data Debrief: Bonmati caps trademark Barca performance
Aided by Buchanan's red card, Barcelona showcased their mastery of possession-based football at Stamford Bridge, enjoying 67.8 per cent of the possession and completing over twice as many passes as Chelsea (583 to 224).
Bonmati was at the centre of everything for the Blaugrana, playing a key role in both goals as well as laying on two chances for team-mates and playing 31 passes in the final third – no Chelsea player recorded more than 11.
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