Essentially, Ratcliffe does all the work and the Glazers get to remain as the majority owners.
The £1.25bn minority takeover deal in February handed Ratcliffe just over a quarter of the football club, but this has been his club ever since then.
Ineos are in charge, they are making the decisions that are both popular and unpopular.
It is Ineos figures who populate the directors' box, Ineos figures who r are quoted on press releases.
A Glazer might occasionally show r up for a cup final, but since February it has been very easy to forget e they are still actually majority shareholders. It is a relationship of convenience for now.
The American family still get the e Stateside cachet of owning United Il and now have people who know r what they're doing running the club for them.
Ratcliffe has also wanted to run the Reds and now he is doing just that. It's an ambition fulfilled and he is hands-on in trying to turn their • fortunes around.
But at some point, the friction will surely arrive.
Ratcliffe and the Glazers could t clash over a decision, or Rat- cliffe could get fed up with making all the decisions but owning only a quarter of United.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Ten Hag future remains in doubt as state-of-play meet comes to end
INEOS GATHERING IN LONDON CONCLUDES WITHOUT ANY STATEMENT
'The tribunal found that it was wrong. This is a big deal in competition law'
THE Premier League came unstuck against City in their opening submission of the hearing into Associated Party Transaction Rules.
Godfather of AI wins Nobel Prize for Physics
A BRITISH-CANADIAN computer scientist who has been dubbed the \"godfather of artificial intelligence\" has won this year's Nobel Prize for Physics.
Chancellor urged to quash ‘damaging' pension rumours
FTSE 250 savings and investment platform AJ Bell has joined the growing chorus urging Chancellor Rachel Reeves to back down from a proposed tax hit on UK pensioners, warning that rumours of the government's tax intentions are \"hugely damaging\" and are causing widespread concern long-term savings.
Red paint attack on office block
A PRO-PALESTINE group says it targeted an office block in Manchester city centre housing insurance firm Allianz.
Star 'in pain every day' in his fight with arthritis
ADAM Thomas has told fans how he's 'in pain every day' as he gave a candid update from his latest trip to the hospital.
I was in tears when the police returned my XL Bully
OWNER SAYS DOG WAS LEFT IN 'BAD STATE' AFTER BEING SEIZED
Student cop was 'bullied' claims dad
INQUEST TOLD TRAINEE HAD NIGHTMARES ABOUT BOSS 'TRYING TO STRANGLE HIM'
From Pretty Green to pretty vacant
PRETTY Green, the fashion brand founded by Liam Gallagher, has announced its flagship Manchester store has closed with immediate effect.
Dozens of 'late-stage' terror plots foiled since Arena bomb
THE security services have foiled 43 'late-stage' terror plots since March 2017 as new threats emerge from hostile nations such as Russia and China and a 'resurgent' Islamic State.