The Glazers family, who have owned Premier League club Manchester United since 2005, finally found a suitable buyer last month. Sir Jim Ratcliffe, the founder of the Ineos Petrochemicals Empire, agreed to purchase a 25% stake in the club for £1.3 billion. He was put in charge of the sports side of the club, while the infamous Glazers continued to oversee the commercial business.

The new owner is now preparing to invest a substantial amount of money in the advancement of the stadium and the club. Manchester United is currently going through a rough patch, and fans are criticizing club boss Erik Ten Hag for their poor performance. Sir Jim Ratcliffe has also commented on the future of the Dutchman at the club.

Sir Jim Ratcliffe to commit $300million towards infrastructural development

Sir Jim Ratcliffe beat Qatari Sheikh Jassim in the race to buy a stake in Manchester United. Though the official statement has not been issued yet, the club will soon make an announcement after the final talks are done. This season has not been the best for Manchester United, but the club is falling behind not only in terms of performance but also in appearance.

Old Trafford lags behind when compared to Manchester City’s Etihad or Arsenal’s Emirates Stadium. Sir Jim will invest a total of $300,000,000 for the improvement of Old Trafford. Although it will require more investment to make the stadium compete with other big names, this serves as a good starting point. The investments will be completed by the end of this year, and we will soon witness some changes at Manchester United’s home stadium.

Sir Jim Ratcliffe’s stance on manager Erik Ten Hag

As the new head of Red Devils’ football operations, Sir Jim Ratcliffe will have a significant influence on Erik Ten Hag’s future at the club. The Dutchman’s performance this season has been far from ideal. Manchester United suffered a 3-0 defeat in the recent Manchester derby and were also eliminated from the Carabao Cup by Eddie Howe’s Newcastle United.

The 53-year-old is struggling to prove himself in the Premier League, with Manchester United currently in fifth place with only 15 points. Despite this challenging season for the manager, Sir Jim Ratcliffe and the Glazers have confidence in his abilities. Ten Hag managed to guide Manchester United to the UEFA Champions League this season and also secured the Carabao Cup in February. These achievements are sufficient to convince the higher-ups of his capabilities, and they maintain full faith in their manager.

Erik Ten Hag has recently talked about the club’s performance, and he believes they will bounce back. “The three games before we won and the fighting spirit are very good, so I think we are on the way up,” he said.

Sir Jim Ratcliffe believes in Ten Hag, but he still needs to prove himself and work hard to improve Manchester United’s performance, as talks of him being replaced by Ruben Amorim are in the air.