According to recent reports, INEOS, the company owned by Sir Jim Ratcliffe, has been given a say over major footballing decisions at Manchester United, including any potential sacking of the club’s current manager, Erik ten Hag.
This information was revealed in a document outlining Ratcliffe’s 25% stake in the club, which is currently awaiting Premier League ratification and is expected to take over a month to be completed.
The document also states that until the deal is finalized, any significant football-related decisions will require consultation with INEOS.
This includes the purchase or sale of players during the upcoming January transfer window, including loan moves.
Additionally, the document outlines that no dividends will be paid to shareholders for at least three years, and Ratcliffe will have first refusal for a year if the Glazers want to sell more of their Class B shares.
Furthermore, if the Glazers decide to sell the club outright in the future, Ratcliffe could be forced to sell his stake in the team after 18 months.
These developments are expected to have a major impact on Manchester United’s future, and fans will be eagerly watching to see how the situation develops in the coming months.
