The INEOS petrochemicals empire owned by Ratcliffe is set to purchaꦫse a 25% stake in Manchester United from the Glazer family for £1.3 billion. 

Ratcl𝐆iffe plans to pil🌺e fresh investment into the club for infrastructure upgrades via staggered payments, according to . 

The report added that the money would be financed personally by Ratcliffe, who is Britain’s second-richest man, according to the 2023 🐻Sunday Times Rich List.&nbsꦇp;

Through his INEOS company, the 71-year-old owns🏅 a third of the Mercedes F1 team. 

Mercedes team principal Toto Wolff has already backed 🐓Ratcliffe to make a major difference at Manchester United. 

“Jim and his partners, they are first of all complementary,” Wolff said. “They are huge in terms ♏of profit and decisions being made very quickly.

“Three bullet points on a page and ‘here we go’.

“With Jim, all the bulls*🦄** is cut out. I think that, wherever he gets his power and resource and character behind it, I think that’s going to be an add-on f꧃or any team.

“He’s a Manchester boy. He has the resources that are needed, the heart in the right place for this team and I’m su🌃re that he can be very creative for Manchester United.

“Wℱith us he’s bee⛦n a fantastic shareholder and a good sounding board for myself.”