Sir Jim Ratcliffe agrees deal to buy 25 per cent stake in Manchester United

“As a local boy and a lifelong supporter of the club, I am very pleased that we have been able to agree a deal," says Ratcliffe.

FINALLY: Sir Jim Ratcliffe has taken control of Manchester United’s football operations (Peter Byrne/PA)

Ineos Group chairman Sir Jim Ratcliffe has agreed to buy a 25 per cent stake in Manchester United and inject around £236million into the club, the Red Devils have announced.

Ineos, who will assume delegated responsibility for the club’s football operations, and United have entered an agreement under which he will acquire 25 per cent of the Class B shares held by the Glazer family and up to 25 per cent of the Class A shares while investing 300 million US dollars (£236.7million) into its infrastructure.