Sir Alex Ferguson ‘optimistic’ about Sir Jim Ratcliffe’s investment in Manchester United
'I know him well'.
The British billionaire is on the brink of completing a £1.3bn investment in the Red Devils, which will see him take a 25% stake in the club.
Though Ratcliffe will hold a minority stake, he’s expected to be handed control of ‘football operations’ at Old Trafford.
Ratcliffe, the second richest man in Britain, will also invest £245m of his own money on improving the infrastructure of United’s stadium and training ground.
Ferguson, who is a director at United, was at the helm when the Glazers completed a takeover in 2005 and he drew criticism from some quarters for defending the Americans.
Success at the club has dried up since Ferguson’s retirement in 2013, and United have fallen behind rivals Liverpool and Manchester City.
But Ferguson is confident that Ratcliffe’s investment in the club will positively affect the Red Devils’ future.
‘I am still a director of the club and I know Jim [Ratcliffe] well,’ said Ferguson, in an interview with Gambling Zone.
‘We shall have to see what he does but I am optimistic.’
Ratcliffe had been hopeful that his investment would be announced this week, but that could now be delayed until the end of this month.
After that, it will take between four to eight weeks for the Premier League to ratify the deal.
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