Not only did billionaire Jim Ratcliffe buy 25% of MU Club's shares worth 1.25 billion pounds, he also spent an additional 245 million pounds to renovate Old Trafford and Carrington training ground. The 71-year-old British billionaire holds all the rights to operate the football department, in charge of player transfer deals. He is about to put close personnel on the MU Club's management board.
Coach Erik ten Hag is under great pressure as billionaire Jim Ratcliffe takes over Manchester United.
According to The Sun (UK): "Billionaire Jim Ratcliffe will completely reform MU's force. Many top stars with high value, but poor performance or no longer in the club's project will have to leave. There are currently up to 7 players who could be liquidated in the winter transfer window in early 2024 or in the summer, notably Jadon Sancho, Casemiro, Antony, Varane, Harry Maguire, Andre Onana and Bruno Fernandes. Even the future of coach Erik ten Hag is very uncertain."
MU have just gone through 4 consecutive matches without scoring any goals, with 3 losses and 1 draw in all competitions. They have been eliminated from the Champions League group stage, dropping to 8th place in the Premier League with only 28 points after 18 matches.
The next match is MU hosting Aston Villa (the team currently ranked 3rd) at Old Trafford at 3am on December 27 in round 19. Only a victory will help MU regain confidence and billionaire Jim Ratcliffe will reconsider whether coach Erik ten Hag stays or goes.
MU stars (from left: Sancho, Antony, Casemiro and Bruno Fernandes), their fate is unclear when billionaire Jim Ratcliffe takes over the team
If Mr. Ten Hag still cannot stop the current decline, billionaire Jim Ratcliffe will have to act urgently to rescue MU. The "Red Devils" of Manchester must maintain the chance to compete for the top 4 of the Premier League, creating the premise for a major reform expected from the summer of 2024. If this goal is not achieved, the deal to buy 25% of billionaire Jim Ratcliffe's shares could become a failed deal early.
Former MU player Gary Neville analyzed: "The sale of 25% of shares to billionaire Jim Ratcliffe raises more questions than answers. This is very unlikely to create a comprehensive change, because the Glazer family still controls the majority of MU club shares as before. Sometimes, this investment also creates an overlap (in management) and MU club still cannot find a way out".
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