Sir Jim Ratcliffe has reportedly agreed a deal to acquire a 25 per cent minority stake in Manchester United - and a social media thread has outlined how he could deal with the club's debt.The 70-year-old, who is a boyhood United fan, has a major task on his hands at Old Trafford, with the club's stadium in dire need of renovation and its debt levels continuing to rise.
Furthermore, The Athletic add that, for the four years after 2006, the club paid an average of £95 million per year in interest, more than a third of the club's total earnings, to service the debt that arose from the leveraged buyout.At the heart of this is one of the primary reasons why the Glazer family has been unpopular with a large section of the Unted fanbase.
A viral thread on X from user @Ole_is_right has explained United's current debt situation - and the likely ways in which Ratcliffe could look to pay it off.The user says it is 'likely' that the INEOS chief will look to repay it via financing from a third party - which would explain reports from thethat he had enlisted banking giants JP Morgan and Goldman Sachs as advisors during the early stages of the bid process.
Should Ratcliffe solve the major debt issue at United, it would get his stewardship of the club off to a good start.