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International Business Times UK
International Business Times UK
Sport
Sakshi Gupta

Manchester United: We Need 'Time And Patience' To Bring Back Success, Says Sir Jim Ratcliffe

Jim Ratcliffe Glazers Manchester United Ineos Liverpool the Premier League The Red Devils
Sir Jim Ratcliffe will address Manchester United's stadium issues once his minority stake in the club is finalised. (Credit: Phil Noble/Reuters)

British billionaire Sir Jim Ratcliffe has written an open letter to Manchester United fans, asking for "time and patience" to "bring sporting success" back to the club, following his investment at Old Trafford.

Ratcliffe, chairman of chemical company INEOS, has agreed to buy a 25% stake in the club for around £1 billion ($1.3bn). The Ineos Group, which he founded in 1998, will take control of football operations and Ratcliffe will also provide £236 million ($300m) for future investment into Manchester United's stadium.

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