Sir Jim Ratcliffe’s acquisition of decision-making power at Manchester United could face an up-to-eight-week delay, as disclosed to Football Insider sources.
The British billionaire is nearing the completion of a deal to secure a 25 percent stake in the Red Devils, with rival bidder Sheikh Jassim withdrawing from contention.
While the transaction is expected to exceed £1.25 billion, signaling Ratcliffe’s initial step towards a majority stake from the Glazer family, the immediate authority over sporting matters is projected despite the partial acquisition.
Insiders have informed Football Insider that the full approval of the deal, granting Ratcliffe decisive power at Old Trafford, might take as long as eight weeks.
Consequently, any influence on United’s upcoming January transfer activities seems unlikely.
Although the official confirmation of Ratcliffe’s investment is pending, preparatory changes have already been initiated behind the scenes in anticipation of the impending takeover.
The recent announcement of club CEO Richard Arnold’s departure is part of these developments, with Jean-Claude Blanc emerging as a frontrunner for the role, as reported by The Telegraph.
As Ratcliffe and the INEOS team prepare to reshape United’s footballing structure, the search for a new CEO and the potential appointment of a director of football underscore the imminent transformations at the heart of the club.