In the year since Ineos took over as manager of football operations, Sir Jim Ratcliffe has invested about £250 million in Manchester United.
Sir Jim Ratcliffe and Ineos have now invested nearly another £80 million in Manchester United.
Although the move took place on December 10th, a month ago, it was made official this week. Ratcliffe and Ineos purchased 100 additional shares from the club’s parent company, Red Football Limited, for around £80 million.
Ratcliffe has now contributed the extra £245 million that was agreed upon when he bought about 25% of the team. This expense was on top of the £1.2 billion agreement that saw Ineos given control of the football operations and made Ratcliffe a minority owner of the team.
However, despite the revelation coming a fortnight after the opening of the winter transfer season, the financing would not offer new head coach Ruben Amorim with a transfer budget. As indicated at the time, the £245million intended to facilitate future investment into infrastructure at Old Trafford.
The most recent investment was the last third, which arrived as planned at the end of last year, and two-thirds of that amount came after they finished their minority buyout. However, it will provide finance outside of the stadium, as our chief business of football writer Dave Powell has revealed.
“The aim, largely, was to provide some £50m in capital to aid the Carrington training ground redevelopment, while additional monies will help ease any cashflow issues and provide working capital for such things as the maturity of transfer instalments that are soon to be paid,” says Powell. “The move has strengthened United’s balance sheet for the 2024–2025 season, even though it had no additional impact on the club’s position under the Premier League’s sustainability and profitability rules.”
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