Sir Jim Ratcliffe and INEOS have completed their purchase of a minority stake in Manchester United. United confirmed in December that a deal had been agreed for Ratcliffe to take a 25 per cent stake in the club, with the Glazer family diluting their shares, rather than leaving altogether.
Sir Jim Ratcliffe and INEOS have completed their purchase of a minority stake in . in the club, with the Glazer family diluting their shares, rather than leaving altogether. Ratcliffe’s petrochemicals company INEOS is buying an even split of Class B + Class A shares at $33 each for an overall cost of $1.3bn. Advertisement The 71-year-old said in and following last week’s approval from the Football Association and the , his minority stake has now been finalised.
7 per cent of the club’s Class A shares and 27.7 per cent of the club’s Class B shares, with a further $100million to be invested by December 31 2024. These funds are intended to enable future investment in infrastructure at Old Trafford.” Despite Ratcliffe and INEOS having to wait for Premier League approval, they have already begun instigating change, with United pulling off a huge surprise by appointing from as their new chief executive.
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