Investment will not be used to bolster current squadClub now part of wider sporting group that Ineos owns
Sir Jim Ratcliffe has increased his stake in Manchester United after injecting a further £79.3m ($100m) promised when he bought his minority stake last year.
The British billionaire now owns 28.94% of the club, up from 27.7%. The latest investment is set to help fund improvements off the pitch rather than help bolster Ruben Amorim’s squad during January’s transfer window. When Ratcliffe bought into United a year ago, the deal included a guarantee that he would put £238m ($300m) into infrastructure and this is the final instalment of those payments, which the US Securities and Exchange Commission confirmed was paid on Wednesday.
