Manchester United, Business, Football, Sport Business | The Guardian
Investment will not be used to bolster current squadClub now part of wider sporting group that Ineos ownsSir 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. Continue reading…
- 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.
