Ratcliffe Completes £237m Manchester United Investment

  • 📰 SkySports
  • ⏱ Reading Time:
  • 28 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 63%

Sports News

Manchester United,Sir Jim Ratcliffe,INEOS

Sir Jim Ratcliffe fulfills his initial promise of £237m investment in Manchester United, strengthening the club's finances and paving way for infrastructure upgrades.

Sir Jim Ratcliffe has injected another £79m ($100m) into Manchester United, concluding the £237m ($300m) investment promised when he acquired his minority stake in the club. Sky Sports News understands. The funds will bolster the club's finances and enable investment in infrastructure, but are not designated for January transfers. The recent emphasis on cost reduction (e.g., job cuts) and revenue growth (e.g.

, ticket price increases) aims to stabilize finances, preventing the new capital from being absorbed by operating losses. Sir Jim will receive additional shares in the club for the cash, increasing his total stake to almost 29 percent. Concurrently, all his United shares are being transferred from Trawlers Ltd (the entity that purchased the stake from the Glazers) to INEOS. This is primarily administrative, aligning United shares with INEOS's ownership structure of other sports assets. Sir Jim maintains ultimate control over the stake, as before

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 58. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines