Sir Jim Ratcliffe £1.3billion deal for 25 per cent of Manchester United – which will see him take control of football operations - has been announced by the club.
Ratcliffe's INEOS group - which owns a number of sports clubs, including French outfit Nice – will oversee United's fortunes following approval from the Premier League, which is expected to take four to six weeks.
They will then be responsible for everything on the pitch, including signings, and the hiring and firing managers and football staff.
Ratcliffe, 71, said: 'As a local boy and a lifelong supporter, I am very pleased that we have been able to agree a deal with the Manchester United Board that delegates us management responsibility of the football operations of the Club.