- Investment will not be used to bolster current squad
- Club now part of wider sporting group that Ineos owns
Sir Jim Ratcliffe has increased his stake in Manchester United after injecting a further £79.3m ($100m) promised when he bought his minority stake last year.
The British billionaire now owns 28.94% of the club, up from 27.7%. The latest investment is set to help fund improvements off the pitch rather than help bolster Ruben Amorim’s squad during January’s transfer window. When Ratcliffe bought into United a year ago, the deal included a guarantee that he would put £238m ($300m) into infrastructure and this is the final instalment of those payments, which the US Securities and Exchange Commission confirmed was paid on Wednesday.
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Source link : https://www.theguardian.com/football/2024/dec/19/sir-jim-ratcliffe-manchester-united-stake-increase
Author : Will Unwin
Publish date : 2024-12-19 14:46:45
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