Sir Jim, a lifelong United supporter, is paying $1.65 billion for the purchase, which includes an initial $200 million investment for Old Trafford’s infrastructure.
The 15-month-long drama surrounding United is resolved by the agreement, albeit supporters had been calling for the Glazers’ 19-year rule to end.
Said Sir Jim, it is “a great honour and comes with great responsibility” to become a co-owner.
“This marks the completion of the transaction, but just the beginning of our journey to take Manchester United back to the top of English, European and world football, with world-class facilities for our fans,” he stated.
The 71-year-old continued, “Work to achieve those objectives will accelerate from today.”
Joel Glazer, executive co-chairman, remarked, “I would like to welcome Sir Jim as co-owner and look forward to working closely with him and INEOS Sport to deliver a bright future for Manchester United.”
However, Sir Jim is spearheading a transformation of a failing club that will be playing in the Premier League for the eleventh time in a row without adding to its record 20 men’s league titles.
