Sir Jim Ratcliffe’s Ineos Group have finally agreed a deal to buy 25% of Manchester United.
It is the first time since the Glazers assumed control of United in 2005 that any group outside the family has held such a significant stake.
And while the club’s US-based owners retain a majority shareholding and most of the voting power, Ratcliffe’s Ineos Group will take control of football operations and he will be able to make the decisions he feels are best to get United back challenging for major titles.
BBC Sport has been told it may be about 6-8 weeks before the shareholding is ratified and Ratcliffe can start to make his presence felt.
Here we look at the areas he will be thinking about.
How much to spend in the January transfer window?
It will be February before the deal is complete, meaning next month’s transfer window will be closed by the time Ratcliffe is officially involved.
In the 18 years of Glazer control, United have spent 2.21bn euros in transfer fees – £1.94bn at the current conversion rate. That is the third most in Europe over that period behind Chelsea (£2.7bn) and Manchester City (£2.33bn).