Sir Jim Ratcliffe-Man United bid to be confirmed next week - source

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Sir Jim Ratcliffe-Man United bid to be confirmed next week - source

Sir Jim Ratcliffe's £1.25 billion ($1.57bn) investment in Manchester United will be confirmed next week and could be finalised as early as Monday, a source familiar with the sale process has told ESPN.

Ratcliffe, Britain's second-richest person with a net worth estimated at £29.6bn by the 2023 Sunday Times Rich List, has negotiated a deal to acquire 25% of United from the Glazer family, the Premier League club's American owners.

But Ratcliffe, the founder of the chemicals company Ineos, will take control of football operations at the club as part of the deal in an attempt to revive United, historically the Premier League's most successful club, and help the team challenge for a first league title since 2013.

ESPN reported earlier this season that Ratcliffe's team has already undertaken an audit of United's recent recruitment in an effort to prevent the club wasting huge sums of money on future signings following a number of unsuccessful acquisitions under the Glazer regime.

But despite reaching an agreement to buy a 25% stake two months ago, final negotiations with the Glazers have progressed slowly and Richard Arnold has left his role as United CEO during the process.

That complication will only require a resolution if United and Nice qualify for the same UEFA competition, however, so a source said it will not prevent the stake being purchased in United next week.

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