Manchester United will be dealt the difficult task of beating Tottenham Hotspur at Old Trafford if they are to return to winning ways in the Premier League.
How much has Sir Jim Ratcliffe paid for Manchester United and for what share?
24.12.2023 - 17:13 / manchestereveningnews.co.uk
Sir Jim Ratcliffe has finally managed to complete his minority acquisition of Manchester United, subject to the deal gaining approval.
The INEOS founder had been the frontrunner to invest in the Reds since October when his rival Sheikh Jassim bin Hamad Al-Thani withdrew from the process. However, after initially wanting to purchase a 60 per cent stake in United, Ratcliffe had to change his approach when it became clear the Glazers wanted to stay.
Therefore, a 25 per cent acquisition was agreed but what does this mean in practice and how much has it cost the INEOS man? MEN Sport has taken a look at the details.
READ MORE: United confirm Ratcliffe's arrival
READ MORE: Ratcliffe's first words upon his arrival
It is understood Ratcliffe has spent approximately £1.25billion to buy a seat in the United boardroom. For his money, he has received 25 per cent of Class A shares and 25 per cent of Class B shares.
The Class B shares are of the most value as they were originally all owned by the Glazers. These have voting rights which are ten times the worth of Class A shares which are owned by those who have purchased them from the New York Stock Exchange.
Ratcliffe has paid both the Glazers and Class A shareholders $33 (£26) per share. On top of this, the INEOS founder has confirmed an additional $300m (£236.7m) will be pumped into the club to fund the future of Old Trafford.
Supporters will be aware that the stadium needs redeveloping and this money seems to be set aside for just that. The transaction of $300m will be split into two payments.
An initial $200m (£157.8m) of this money will be pumped into the club on the confirmation of Ratcliffe's appointment. The further $100m (£78.9m) for Old Trafford is to arrive by the end of
The website popstar.one is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
manchestereveningnews.co.uk
11.01.2024 / 12:39
Sir Jim Ratcliffe warned off favoured Manchester United replacement as 'only option' named
Incoming Manchester United co-owner Sir Jim Ratcliffe has been warned not to replace Erik ten Hag with former Chelsea manager Graham Potter.
manchestereveningnews.co.uk
10.01.2024 / 19:57
Simon Jordan calls for FFP rule change that could benefit Manchester United and INEOS
Simon Jordan has called for a change of Financial Fair Play rules that could impact Manchester United in the future.
manchestereveningnews.co.uk
10.01.2024 / 13:51
Gary Neville and Roy Keane agree on Ineos Manchester United transfer priority
Former Manchester United stars Gary Neville and Roy Keane believe the club must get their recruitment department right in order to make progress.
manchestereveningnews.co.uk
10.01.2024 / 06:28
Martinez, Eriksen, Amad - Manchester United injury news and return dates ahead of Tottenham clash
Following Monday night's 2-0 win over Wigan Athletic in the fourth round of the FA Cup, attention now switches to Sunday's Premier League clash with Tottenham Hotspur for Manchester United.
manchestereveningnews.co.uk
10.01.2024 / 00:26
Sir Jim Ratcliffe set to target wage bill reduction for Manchester United plan
Having completed a deal to acquire 25% of Manchester United for a $1.3bn (£1.02bn) sum on Christmas Eve, oversight on football matters at Old Trafford now belongs to Sir Jim Ratcliffe and his INEOS sports team.
manchestereveningnews.co.uk
06.01.2024 / 11:29
Alan Shearer and Micah Richards agree on Alejandro Garnacho goal for Manchester United vs Everton
Match of the Day pundits Alan Shearer and Micah Richards have dismissed suggestions that Alejandro Garnacho's wonder goal for Manchester United against Everton is the Premier League's greatest of all-time.
manchestereveningnews.co.uk
05.01.2024 / 21:23
Sir Jim Ratcliffe visits Carrington and Manchester United's transfer stance on two players
Manchester United head into this weekend preparing for their return to the FA Cup when they make the short journey to League One's Wigan Athletic.
manchestereveningnews.co.uk
31.12.2023 / 14:35
Rashford, Mainoo, Garnacho - Manchester United winners and losers at halfway stage
Change is on the horizon for Manchester United after what has been a challenging season so far.
manchestereveningnews.co.uk
29.12.2023 / 22:51
Erik ten Hag lists what Ineos will bring to Manchester United's football operations
Erik ten Hag is confident Ineos's experience in other sporting fields will benefit Manchester United.
manchestereveningnews.co.uk
29.12.2023 / 22:19
Man United boss Erik ten Hag outlines plans for Sir Jim Ratcliffe chat as striker set to sign new contract
Manchester United manager Erik ten Hag has spoken more about the imminent arrival of Sir Jim Ratcliffe at Old Trafford, saying he plans to sit down for talks with the new co-owner.
manchestereveningnews.co.uk
29.12.2023 / 06:47
Sir Jim Ratcliffe and Erik ten Hag must find Manchester United transfer middle ground
You do not become worth almost £30billion without ruffling a few feathers. Even when the average Joe buys a house, he or she is keen to put their stamp on the place. Knock a wall down or paint the door a different colour if you have to.
manchestereveningnews.co.uk
27.12.2023 / 06:09
I noticed what Rasmus Hojlund did differently to score Manchester United winner vs Aston Villa
Rasmus Hojlund and Alejandro Garnacho were the names the Old Trafford crowd were chanting at full-time after Manchester United staged a comeback to beat Aston Villa 3-2.
manchestereveningnews.co.uk
26.12.2023 / 21:13
Sir Dave Brailsford attends Manchester United vs Aston Villa after Sir Jim Ratcliffe takeover
INEOS sporting director Sir Dave Brailsford has attended Old Trafford to watch Manchester United play their first game since Sir Jim Ratcliffe’s 25 per cent minority investment was confirmed.
manchestereveningnews.co.uk
26.12.2023 / 21:13
Edwin van der Sar at Old Trafford to watch Manchester United vs Aston Villa
Manchester United goalkeeping legend Edwin van der Sar has attended Old Trafford for the first time since suffering a brain haemorrhage in July.
manchestereveningnews.co.uk
26.12.2023 / 14:45
Sir Jim Ratcliffe sends fresh message to Manchester United fans following takeover breakthrough
Sir Jim Ratcliffe has reached out to Manchester United fans after stepping on board at Old Trafford.
manchestereveningnews.co.uk
25.12.2023 / 20:21
Manchester United have been sent a warning over Sir Jim Ratcliffe's transfer plans following takeover announcement
Manchester United fans were elated to read confirmation of Sir Jim Ratcliffe's investment but a player of his at OGC Nice has sent a concerning warning.
manchestereveningnews.co.uk
25.12.2023 / 14:21
What Rory McIlroy has said about investing in Manchester United under Sir Jim Ratcliffe
Celebrity investment in sports teams is en vogue right now and Manchester United could get their very own high-profile crossover after Sir Jim Ratcliffe was formally welcomed on board at Old Trafford.
manchestereveningnews.co.uk
25.12.2023 / 07:47
Sir Dave Brailsford's role and transfer flops - Nice errors Sir Jim Ratcliffe won't want to repeat at Manchester United
Sir Jim Ratcliffe has now achieving one of his long-term objectives. The INEOS founder and boyhood Manchester United supporter has acquired a 25 per cent stake in the Reds, tasked with the responsibility of lifting the club from the doldrums they have found themselves in for the past 10 years.
manchestereveningnews.co.uk
24.12.2023 / 16:43
Sir Jim Ratcliffe's first words as INEOS billionaire owner completes Manchester United investment
Sir Jim Ratcliffe has vowed to return Manchester United to the top of English, European and world football after officially becoming a minority shareholder at the club.