Sir Jim Ratcliffe Completes Manchester United Buy-In

Manchester United has announced that Sir Jim Ratcliffe has completed his partial acquisition of the club.

Via Trawlers Limited, an entity wholly-owned by Sir Jim Ratcliffe, the INEOS boss has completed his acquisition of 25% of the club’s Class B shares and 25% of the club’s Class A shares, following the satisfaction of all conditions, including approvals from the Football Association and the Premier League.

Sir Jim has also invested a further $200 million into the club for additional Class A and Class B shares via a primary issuance, resulting in ownership of approximately 27.7% of the club’s Class A shares and 27.7% of the club’s Class B shares, with a further $100 million to be invested by 31 December 2024. These funds are intended to enable future investment in infrastructure at Old Trafford.

Sir Jim Ratcliffe said: “To become co-owner of Manchester United is a great honour and comes with great responsibility.

“This marks the completion of the transaction, but just the beginning of our journey to take Manchester United back to the top of English, European and world football, with world-class facilities for our fans. Work to achieve those objectives will accelerate from today.”

Joel Glazer, Executive Co-Chairman, said: “I would like to welcome Sir Jim as co-owner and look forward to working closely with him and INEOS Sport to deliver a bright future for Manchester United.”