Jim Ratcliffe’s deal to acquire a 25% stake in Manchester United, will also see him investing £245m to bolster club infrastructure, according to a report by Sky News.
It has been widely reported that Ratcliffe will take ownership of football matters when his role at Old Trafford becomes official.
It comes almost a year on from the Glazer family officially announcing they would consider bids for the club, leading to interest from Ratcliffe, as well as a Qatari consortium.
Nonetheless, after Sheikh Jassim bin Hamad al-Thani pulled out of what was an elongated and drawn out bidding process, Ratcliffe was left as the frontrunner to take a role at the club.
It is believed the bid of Ratcliffe was favourable to the Glazer family as it enabled them to remain in charge at Old Trafford, whereas the bid emanating from Qatar would have seen them ousted.
Ratcliffe’s role in leading football operations comes at a challenging period as the club has endured a volatile start to the season and manager Erik ten-Hag is under increasing pressure.
United have won just once in three Champions League games and have picked 15 points from 10 Premier League games.
They head to Fulham at the weekend after consecutive defeats against Manchester City and Newcastle United respectively.
The much-needed investment from Ratcliffe is set to come before the end of the year as the club moves ahead with plans to improve the stadium, which has long been needed.
Over a 15 year period, the value of Old Trafford has slowly fallen behind other stadiums, with it going from one of the most sought after sporting arenas in the country to not making the list of stadiums being used in the UK and Ireland’s EURO 2028 bid.