A joint statement from Avram and Joel Glazer read: "We are delighted to have agreed this deal with Sir Jim Ratcliffe and INEOS. '
"As part of the strategic review we announced in November 2022, we committed to look at a variety of alternatives to help enhance Manchester United, with a focus on delivering success for our men’s, women’s and Academy teams.
"Sir Jim and INEOS bring a wealth of commercial experience as well as significant financial commitment into the club.
"And, through INEOS Sport, Manchester United will have access to seasoned high-performance professionals, experienced in creating and leading elite teams from both inside and outside the game.
"Manchester United has talented people right across the club and our desire is to always improve at every level to help bring our great fans more success in the future."
Sir Jim is expected to oversee football operations going forward while the Glazers focus more on the commercial side of things.
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