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Jim Ratcliffe increased his stake in Premier League side Manchester United to up to 29 percent. The British billionaire completed the cash injection he promised when he purchased a minority share of the club last year. On Christmas eve in 2024, it was announced that the chairman of chemicals company INEOS had agreed on a deal to buy 25 per cent of the club, which included investing a further $300 million into infrastructure on top of his $1.3 billion purchase price. The latest investment is set to help fund improvements off the pitch than help bolster Ruben Amorim’s team during the January transfer window.
The final installment of those payments paid on Wednesday was the last payment, as confirmed by the US Securities and Exchange Commission. The SEC filings show Ratcliffe transferred his shares in United to Ineos from Trawlers Ltd, which is the same company that bought the original stake from the Glazers. It means United are now a part of the wider sporting group that the Ineos owns, including a cycling and sailing team. With INEOS now being in charge of the team, Ratcliffe has made “difficult and unpopular decisions.”
To get Manchester United to where we need to get it: Ratcliffe
Ratcliffe recently told the United We Stand fanzine the club “need to sweat every pound" if they are to return to former glories. He said, “To get Manchester United to where we need to get it — it’s a bit like the country (Britain) — we have to make some difficult and unpopular decisions. If you shy away from the difficult decisions then nothing much is going to change.”
He added, “We won’t get everything right and it won’t happen overnight, but we haven’t been sitting on our hands for nine months. There has been a lot of change."
