Jim Ratcliffe Boosts Manchester United Stake to Nearly 29%
The INEOS chairman completes a $100 million investment, focusing on infrastructure upgrades and cost-cutting measures.
- Jim Ratcliffe has increased his stake in Manchester United to 28.94% following a $100 million payment, part of a $300 million infrastructure investment commitment.
- The funds will be used for club infrastructure improvements rather than player transfers, as confirmed by the Securities and Exchange Commission filing.
- Ratcliffe's shares have been transferred to INEOS from Trawlers Ltd, aligning the club's ownership structure with INEOS's other sports assets.
- Cost-cutting measures under Ratcliffe's leadership have included the departure of 250 staff members and the end of Sir Alex Ferguson's ambassadorial role.
- A mid-season ticket price hike to £66 per match, with no concessions for children or pensioners, has drawn backlash from fans, though Ratcliffe emphasizes the need for financial discipline to revive the club's fortunes.