Sir Jim Ratcliffe is now a co-owner of Manchester United.

The petrochemicals billionaire and lifelong United fan have officially taken just over a quarter share in the club after his investment was officially confirmed.

Ratcliffe and his INEOS group have paid more than £1billion for 27.7 per cent, which will rise to close to 30 per cent following a further £238million injection into the Premier League giants.

Ahead of the announcement, the new arrivals had effectively taken control of footballing operations at the club from majority owners the Glazers, and have swiftly gone about making their mark.

Following a swoop for Manchester City‘s Omar Berrada, who will become the new chief executive, an approach has been made for Newcastle United‘s sporting director Dan Ashworth, and other new hires focusing on recruitment and football performance are expected in the near future.