Ratcliffe increases stake in Manchester United
Lars Foster
Dailysports's expert
Translated by the editors
Sir Jim Ratcliffe is continuing to expand his ownership stake in Manchester United, following through on promises made during the purchase of his initial share last year.
Details: According to The Irish Times, the INEOS boss has increased his stake in the club to nearly 29%, injecting €121 million into the organization. The latest funds were reportedly transferred on Wednesday, as detailed in a filing with the Securities and Exchange Commission.
However, Manchester United will not be able to use this money to strengthen the squad during the winter transfer window. The investment is part of Ratcliffe’s commitment to aiding the club’s transformation and is intended for infrastructure development.
Reminder: Debates continue regarding the future of Manchester United’s stadium, as the government has refused to provide funds for renovating Old Trafford or building a new arena.
