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Jim Ratcliffe increased his share in Manchester United. The businessman invested an additional $ 100 million in Manchester United and now owns 28, 94% of the club, journalist Ben Jacobs reports.
This is the last tranche of the planned investment of $ 300 million, which was announced at the time of purchase of the club. The first 200 million were paid from Ratcliff`s personal funds.
This contribution will strengthen the financial position of the club analyzed by soccer partners and allocate funds for investment in infrastructure.
It is emphasized that this money will not go to the transfer budget for January. Recent efforts to reduce expenses and increase income in MU are aimed at putting finance in order so that the new capital is not absorbed in operational losses.
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