Jim Ratcliffe bankrolls £80m Man United injection – official documents filed
Manchester United co-owner Sir Jim Ratcliffe has injected £80million into the club in the form of a new share issue, sources have told Football Insider.
A Companies House submission on Monday (13 January), backdated to 10 January, revealed Red Football Limited – an immediate parent company of Man United – has issued 100 shares.
Each share was purchased for £800,000, taking the total value of the investment to £80million.
Ratcliffe purchased a 27.7 per cent stake in United in February last year after agreeing a £1.25billion deal with the Glazers.
The deal included an agreement that would see the INEOS chief inject £238million into the club.
Sources have told Football Insider the latest £80million investment is the final instalment of those payments and will likely be used to pay the bills at Old Trafford.
The British billionaire’s stake is now believed to be worth 28.94 per cent.
Man United facing PSR issues after exceptional expenses
Ratcliffe has faced criticism from fans following his efforts to cut costs since taking control of United’s footballing operations.
The 72-year-old has made up to 250 members of staff redundant, increased the price of all matchday tickets to £66 for the remainder of this season and is understood to have cancelled a charity donation for club legends.
Finance expert Stefan Borson told Football Insider Ratcliffe has made “mistakes” at Old Trafford he wouldn’t usually make in charge of his other businesses.
The Manchester giants’ latest accounts for 2023-24 revealed they generated a club-record revenue of £661.8million despite recording a net loss of £113.2million across the same period.
That meant they were close to the profit and sustainability (PSR) limit last season, with top-flight sides only permitted to make £105million of losses over a rolling three-year period.
Borson told Football Insider United’s PSR position has taken a hit in recent months after they have already spent around £30million on exceptional expenses this season.
That is down to the redundancy payments paid out to former members of staff and the costs associated with appointing Ruben Amorim as Erik ten Hag’s successor following his sacking.
The Portuguese manager has, however, struggled to improve United’s fortunes on the pitch since joining in November, with his side currently sitting 14th in the Premier League table after 20 games.
In other news, Harry Maguire to hold sit-down talks after Man United contract twist.
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