Ratcliffe, who is the CEO of petrochemicals company Ineos, was officially unveiled as a minority owner at United on Sunday, December 24, bringing an end to the protracted 13-month saga which began November 2022 when the Glazers announced they would be willing to listen to offers for the club.
That left the path clear for Ratcliffe, one of the UK's richest men and a boyhood United fan, to negotiate a deal that would allow him and Brailsford to take charge of football matters while leaving the Glazers with a majority stake.
In statement on the club's website, Ratcliffe, said: "As a local boy and a lifelong supporter of the Club, I am very pleased that we have been able to agree a deal with the Manchester United Board that delegates us management responsibility of the football operations of the Club. Whilst the commercial success of the Club has ensured there have always been available funds to win trophies at the highest level, this potential has not been fully unlocked in recent times.
"We will bring the global knowledge, expertise and talent from the wider INEOS Sport group to help drive further improvement at the Club, while also providing funds intended to enable future investment into Old Trafford.
The deal will see Ratcliffe and Sir Dave Brailsford assume control of football operations in what is another major development in the overhaul of the senior hierarchy at Old Trafford, following news of Richard Arnold's resignation as chief executive on November 15.
Ratcliffe expressed an interest in investing in United back in January and faced competition from Qatari businessman Sheikh Jassim bin Hamad al Thani, who had a bid reported to be worth around £5bn to buy the club outright rejected before withdrawing from the process.
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