Published 21:47 IST, December 31st 2023

Manchester United receive huge transfer boost as Jim Ratcliffe investment frees up funds

Following Jim Ratcliffe's investment in Manchester United, the Red Devils are set for a huge transfer boost as per reports.

Reported by: Anirban Sarkar
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Jim Ratcliffe, the founder of the INEOS Chemicals company, is interviewed by The Associated Press at the Iffley Road Track, in Oxford, England | Image: AP
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Manchester United have endured a tough spell this season. Erik ten Hag's men were handed ir ninth defeat by Nottingham Forest in Premier League on Saturday. Red Devils have now lost five games in December for first time since 1933.

3 things you need to know

  • Manchester United haven't been at ir best
  • y lost to Nottingham Forest on Saturday
  • United are now seventh in Premier League

Manchester United set to receive huge transfer boost

Despite spending pretty profusely in summer United have failed to replicate ir last season's result. y have alrey crashed out of Champions League and Carabao Cup while in league y stand a distant seventh currently. However, re could be a significant boost for Red Devils as y will reportedly be allowed to splash big in summer transfer window courtesy of Jim Ratcliffe's investment into club. British billionaire recently acquired a 25 per cent stake in club and has also been handed football operations by Glazers family.

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INEOS owner's arrival means Red Devils can now dive deep into transfer market without breaching Financial Fair Play rules. United were reportedly interested in getting service of Harry Kane but stringent FFP rules meant y failed to push for deal and England skipper went on to join Bayern Munich from Tottenham Hotspur.

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Glazers h refused to inject fresh funds into club but end of long-haul takeover saga would enhance ir transfer kitty. A furr dition of £90 million would allow Red Devils to spend big in summer. A number of players are likely to leave Old Trafford and refore club needs to bring in fresh players in order to bridge gap with Arsenal and Manchester City.

Erik ten Hag reveals INEOS wants to work with him

Ten Hag alrey revealed that INEOS wants to work with him and ir experience would be fruitful for club. "y want to work with me, I want to work with m, and we will have conversations, meetings, we will see.
"I can say in this moment I’m looking forward to talks with m. In or [football] clubs, y have experience, in or sports, y have a lot of experience, a lot about performance, a lot of knowledge so I’m really looking forward to [seeing] how y can contribute and I’m sure y can.

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21:47 IST, December 31st 2023