As part of the deal, INEOS agreed to take over the management of the club’s soccer operations, including the men’s and women’s soccer operations and the academy. This responsibility also includes holding two positions on the boards of both Manchester United PLC and Manchester United Football Club.
United’s ambition is to build a world-class soccer operation based on the club’s many existing strengths, including the off-field success it continues to demonstrate, the club said in a statement.
Ratcliffe, a lifelong Manchester United supporter, said he recognizes the challenges of running a club that faces serious problems on the pitch, with the team crashing out of the Champions League this year and falling outside the top-4 before Christmas.
As a local resident and lifelong supporter of the club, I am very pleased that we have been able to reach an agreement with the management of Manchester United.d, which delegatedWe are responsible for the management of the Club’s soccer operations. While the commercial success of the Club has always ensured that the funds are available to win trophies at the highest level, this potential has not been fully realized in recent times. We will utilize the global knowledge, experience and talents of the entire INEOS Spo Groupdemies.
Sir Jim and INEOS bring a wealth of commercial experience to the club as well as significant financial commitment. Through INEOS Sport, Manchester United will have access to experienced high performance professionals with a track record of building and leading elite teams both in and out of the game. Manchester United has talented people across the club and success for the future, the statement said.
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