As Man United make preparations, Sir Jim Ratcliffe’s reshuffle results in the departure of the chief of Ineos.

A deal for Sir Jim Ratcliffe to acquire a 25 percent stake in Manchester United is nearing completion; concurrently, the British billionaire is reorganizing the administration of his sports teams.

Sir Jim Ratcliffe has reconfigured his cycling team in preparation for a managerial reorganisation at Manchester United.

A transaction is nearing completion for the British billionaire to acquire a 25 percent stake in the Premier League giants. After that is concluded, he will take over all football-related responsibilities at Old Trafford, and a substantial number of modifications are anticipated.

Richard Arnold has vacated his role as chief executive, and Ratcliffe is rumored to be in the process of selecting his own successor. In addition, football director John Murtough is likely to be let go as a result of Erik ten Hag’s squad’s dismal start to the season.

Ratcliffe, nevertheless, is implementing a comprehensive restructuring of the management structure at Ineos Grenadiers in addition to United. As per the Daily Telegraph, Rod Ellingworth has tendered his resignation from his position as the cycling team’s deputy team principal.

Ellingworth is considered a co-founder of the organization, having been a member of the inaugural management group that oversaw the 2009 introduction of Team Sky. Unknown are the motives behind his departure, despite the fact that the 51-year-old had been overseeing the team on a daily basis.

However, his authority regarding transfers and strategy was not absolute, as recent months have witnessed the emergence of rumors suggesting tensions at Ineos. Last season witnessed a number of notable departures, including the signings of Pavel Sivakov, Tao Geoghegan Hart, Dani Martinez, and Ben Tulett to rival clubs.

However, the team retains veteran Geraint Thomas, rising talents Josh Tarling and Carlos Rodriguez, and multiple Olympic and world champion Tom Pidcock. It has been reported that the cyclists have not been formally informed of Ellingworth’s departure.

The Grenadiers have been undergoing a period of transition for several years, with their most recent Tour de France victory occurring in 2020. Although Dave Brailsford is the current team principal for Ineos, he has been devoting more time to Ratcliffe’s other athletic pursuits.

It is anticipated that he will tender his resignation in order to accept a position at United following the completion of Ratcliffe’s acquisition. Arnold, who announced his departure earlier this week, will remain at the club until the end of December to assist with transitional processes.

In addition to assuming the position of interim CEO, Patrick Stewart will maintain his current position as general counsel. The present proprietors, the Glazers, shall commence an investigation for a lasting substitute while expressing gratitude to Arnold for his contributions.

Co-chairman Joel Glazer stated, “I would like to thank Richard for his exceptional service to Manchester United over the past sixteen years and wish him the best of luck in all his future endeavors,” upon the announcement of the news.

“We are privileged to utilize Patrick Stewart’s extensive expertise and experience to ensure continuity and stability in the interim while we conduct an investigation for a permanent CEO.”