Sir Jim Ratcliffe and his INEOS corporation began taking charge at Manchester United in February 2024. The British billionaire has bought a number of shares from Glazer at a level sufficient to take over the entire sporting operations of Manchester United.
Despite the transfer to the manager at Old Trafford, Man United in the last tournament still had very poor results. They finished 8th overall in the Premier League, the lowest in the league era. Fortunately for the "Red Devils", they had won the FA Cup at that time, so they only appeared in the Europa League this season.
Currently, Man United is in 14th place and shows no signs of ending the season in a position in the group playing in the European Cup. If they hold this position until the end of the season, they will have the lowest order of the season since 2014. That year, the Old Trafford team was relegated. Therefore, Ruben Amorim and his team must focus all their efforts on the Europa League playground to hope for the championship, thereby having both a European title and a Champions League ticket for next season.
When he handed over Man United to Sir Jim, the Glazer family left a huge debt. INEOS has recently had to cut back on the smallest things at Old Trafford such as staff lunch to save costs. According to Sir Jim Ratcliffe, if there were no drastic actions on cuts, the team could go bankrupt by the end of this year.
"That (the roadmap for increasing home ticket prices) may make fans feel uncomfortable. If I were the place for them to express their anger, I could endure it even though it was not fun.
When the Glazer family retreated to the backstage, I was the one who raised my face to receive more criticism. To be honest, if I fail at Man United this time, I will resign immediately. However, I didn't think I would fail. As soon as the team returns to form and starts winning, everything will be fine" - Sir Jim shared.
During his time at the top of Old Trafford, Sir Jim made some personnel mistakes. Sharing with the Telegraph, the British billionaire said that extending Erik ten Hag and recruiting Dan Ashworth was a mistake. If Ten Hag had not been renewed, Ruben Amorim could have arrived in the summer of 2024 and not have to take a mid-way position as he is now.
Sir Jim and his colleagues have recently finalized the plan to build a new Old Trafford stadium. The total cost will cost more than £2 billion and will take a long time for Man United to pay off their debt. From there, quality contracts will be difficult to reach. If so, even with a new, magnificent stadium, the "Red Devils" may still have a bad record as they have today.
