- Board expected to agree Sir Jim Ratcliffe’s bid for 25% of club
- Financial fair play rules mean extra transfer funds are unlikely
Sir Jim Ratcliffe’s proposed £1.3bn purchase of a 25% share in Manchester United is unlikely to have much impact on the club’s ability to spend in the transfer market.
The United board is expected this week to approve a deal to make the British billionaire a minority shareholder. Ratcliffe would take over running the sporting side of the business but financial fair play (FFP) restrictions make it difficult for any investor to provide extra resources for use on signings.
Written by Will Unwin
This news first appeared on https://www.theguardian.com/football/2023/oct/16/no-spending-spree-for-erik-ten-hag-if-13bn-manchester-united-deal-is-passed under the title “No spending spree for Erik ten Hag if £1.3bn Manchester United deal is passed”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
