Follow usSir Jim Ratcliffe is optimistic to have his investment into the club from the Old Trafford confirmed ahead of the summer transfer window. Still, questions remain about how much money will be available to boost the roster.
🚨 According to a source at #mufc it is now unlikely that a deal with Sir Jim Ratcliffe and the Glazer family will be in place in time for the club’s board of directors to vote on the proposal on Thursday. A potential announcement is still considered to be several weeks away.… pic.twitter.com/tie6KOp9II
— The United Stand (@UnitedStandMUFC) October 18, 2023
Jim and his INEOS firm are offering almost 1.7 billion dollars to get 1/4 of the Red Devils and to take control of the sporting side of the team.
However, Ratcliffe remains concerned about the fans’ backlash because of his deal; the Glazers family will remain the owners, but with new players in January, he hopes to win the supporters from Old Trafford.
However, financial fair play (FFP) restrictions will be a big obstacle for Man. United to spend much money; the Red Devils owe more than 1 billion dollars, and that makes it very hard for the Premier League side to spend much on players without a plan to pay off the debt at the same time.
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