The Glazer family has informed Manchester United staff that INEOS' investment will 'help to unlock more of the potential' of the club.
The chemical giant, which is governed by British billionaire and boyhood United supporter Sir Jim Ratcliffe, officially sealed a 25 per cent stake in the club on Christmas Eve, bringing an end to a saga that had lasted more than a year. As part of the agreement, United confirmed Ratcliffe will acquire 25 per cent of the club's Class B shares and up to 25 per cent of the Class A shares and provide an additional $300million intended to enable future investment into Old Trafford.
INEOS, too, have also been granted permission to oversee all football operations at the club, plus two seats on the Manchester United PLC board and the Manchester United Football Club boards. United have also confirmed, in their filings, that Sir Dave Brailsford and Jean-Claude Blanc will become directors.
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In the aforementioned filings, the Glazers have informed United staff of the changes INEOS' arrival at Old Trafford will bring. They have also thanked staff for their patience throughout the whole process.
An email sent to United staff on behalf of the Glazer family said: "We are pleased to share the news that the Board has agreed a deal for INEOS Chairman, Sir Jim Ratcliffe, to acquire up to 25% of A & B shares of Manchester United. This follows the strategic review over the past year in which we have explored a number of different options to help strengthen the Club and ensure additional funds intended for investment in infrastructure.
"We know Manchester United has great strengths –
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