Costs of Sir Jim Ratcliffe’s Manchester United buy-in rise to £39.9m
Club made third-quarter loss of £71.4m, accounts showIneos owner has injected $200m, with $100m to follow
Manchester United made a £71.4m net loss in the third quarter of the financial year, with Sir Jim Ratcliffe’s 27.7% buy-in costing the club £30.3m, though the Ineos owner has since injected $200m (£156.1m) into the club.
With previous accounts detailing a £9.6m cost involved with Ratcliffe becoming United’s largest minority owner, the total stands at £39.9m. The club view the sum, derived in part from legal, banking and consultancy fees, as a prudent business investment, as they have put a new structure in place that they are confident will drive United forward. While Ratcliffe controls football policy, Omar Berrada has been hired as chief executive, Dan Ashworth as sporting director and Jason Wilcox as technical director.
