Sir Jim Ratcliffe has increased his investment in Manchester United Football Club, taking his current stake from 27.7% to 28.94%.
The Failsworth-born billionaire officially became a minority shareholder in Man United earlier this year, bringing in the Sports arm of his INEOS petrochemical company and plenty of new personnel with him following an initial £1.25 billion acquisition which saw him buy over a quarter of the club.
While his tenure at Old Trafford has been a somewhat turbulent affair so far – having pleased most fans by taking at least some control away from the family but making a number of less-than-popular decisions of late – he is, at the very least, putting lots of money where his mouth is.
Sir Jim Ratcliffe has injected a further $100m into Manchester United and now owns 28.94% of the club. This completes a planned $300m investment pledged at the time of purchase. $200m was paid back then out of Ratcliffe’s personal funds.
As per multiple outlets, the 72-year-old has pumped a further of approximately £79.3m into Man United to increase his overall stake just before the end of the year.
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This latest figure payment was actually promised as part of his initial partial takeover which was completed back in February, with a filing listed by the Securities and Exchange Commission (SEC) confirming the final payment this week, with Ratcliffe receiving additional shares in return.
It also detailed that the ownership of the shares has transferred from Ratcliffe personally to the INEOS Group as a whole, who also have stakes in French football club OGC Nice, the INEOS Grenaiders cycling team (formerly Team Sky), as well as Formula 1, sailing, rugby and more.
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Although supporters will be pleased to hear that Ratcliffe is committed to investing in the club, Keegan’s article details that the money itself won’t be strictly put towards any potential signings in the upcoming transfer window.
Similarly, Press Associates (PA) understand that the funds will be put towards infrastructure rather than player recruitment, as it is also expected that some squad members could be offloaded this January.
News of Ratcliffe increasing his United stake won’t do much for many of his early detractors, however, as the Greater Manchester local has been accused of ‘forgetting his roots’ and ‘betraying the working class’ with some recent internal steps.
Most recently, Sir Jim and his newly rebuilt executive board received immense backlash for increasing ticket prices for remaining games this season to a whopping £66 across the board, with no concessions made for young, old or disabled fans.
With sporting director Dan Ashworth having been dismissed after just five months – a man who spent just as much time on gardening leave at his former club as he did in his actual role at United – it’s fair to say Ratcliffe and co. could have been more economical.
Nearly 40 fans arrested after city centre clashes and Old Trafford chaos during Man United vs Rangers
Danny Jones
Dozens of fans were arrested following numerous clashes at Old Trafford and in central Manchester before, during and after Man United’s game against Rangers this week.
The Red Devils took on the Scottish side in a crucial Europa League fixture on Thursday night, with nearly 4,000 Glaswegians making the trip down to Manchester.
After reports of violence and disorder in the city centre a couple of hours before kick-off, there were also said to be issues regarding Rangers supporters trying to enter the ground with fake tickets as well as instances of ‘tragedy chanting’ regarding club disasters.
Worse still, further chaos was sparked after away fans infiltrated the home end, with security and actions from stewards being criticised around the stadium.
I can’t quite believe how many Rangers fans were in the home end at Old Trafford last night…
Saw Rangers fans drinking from glass bottles in the stand, smoking, later throwing bottles, fighting, one doing airplane arms. Had to help a dad shield his little girl to get her out safely. Kids terrified round us. So badly managed tonight. pic.twitter.com/7Sz59Jp8Iv
Sharing an update on Friday morning, Greater Manchester Police detailed that a 450-strong officer presence saw a total of 39 arrests made in connection with the fixture.
26 were detained for violent disorder after fighting broke out around Ancoats at approximately 6pm as the Rangers fans were being prepared for their escort towards Old Trafford.
Other arrests included drug offences, drunk and disorderly behaviour, tragedy chanting, as well as assaulting a steward inside the ground.
There were also continued problems regarding general safety, organisation and queuing around the turnstiles, which has been a recurring issue at the footballing arena of late, with many fans struggling to make it into the ground in time for kick-off.
Although the away fan presence was clearly an exacerbating factor, many United fans have once again called out the club for failing to address the issue which saw added congestion not only around the concourse but even in the stands in this instance.
Assistant Chief Constable Chris Sykes, match commander for the game, said: “These high-profile fixtures are always exciting occasions, but they also naturally present challenges to ensure that the thousands of spectators can enjoy the game safely and to minimise disruption for the wider public.
“Last night, we did see some incidents before the game which required a prompt response from our officers to prevent any further disorder and harm. Arrests were made and further disorder was prevented.
“An operation like this takes weeks, if not months, of planning with both clubs and all our local partners. Generally, the crowds have been really well-behaved and the vast majority have had a safe and enjoyable time watching the game in Manchester.”
United went on to narrowly win the game in the 11th hour thanks to a stoppage-time goal from captain Bruno Fernandes to spare their blushes but with lots of tough results and unpopular decisions happening around the club, they’ll need more than a last-gasp 2-1 win over Rangers to improve the atmosphere.
Manchester City complete the signing of highly-rated forward Omar Marmoush
Danny Jones
Manchester City have completed their third signing of the January transfer window as Omar Marmoush is officially a blue.
Joining Man City from Eintracht Frankfurt on a deal said to be worth around £59 million, he arrives at the Etihad just 48 hours after new defensive duo Abdukodir Khusanov and Vitor Reis were also revealed.
Agreeing to a four-and-a-half-year contract, Marmoush was the second-highest scorer in this current Bundesliga campaign (15), boasting 20 goals and 14 assists across all competitions already, so City fans can certainly expect plenty of attacking threat.
The fast and dynamic forward has mainly been deployed as a striker for Frankfurt but can play as inserted winger on either flank, giving Pep Guardiola‘s side another option.
Donning one of football’s most iconic shirts with the number seven (which has been vacant ever since Joao Cancelo left the club), the 25-year-old landed in Manchester with plenty of excitement as City were by no means the only Premier League outfit looking to secure his services.
Both Arsenal and Liverpool were said to be monitoring his situation as one of the most sought-after targets in Europe – the latter obviously rumoured to have expressed a vested interest given the impending departure of their talisman, Mo Salah.
‘The Egyptian King’ has been one of if not the best player in the league this season with 18 goals and a baker’s dozen assists so far but informed the leaders in this year’s title race that this would be his last year at the club.
Those sentimental enough amongst the red half of Merseyside were naturally hoping his compatriot Marmoush might make an ideal replacement and follow in the 32-year-old’s footsteps for the years to come, but the blue half of Manchester seem to have led the chase right from the off.
Nevertheless, Salah has more than left his mark on English football and his fellow national teammate has already been given the perfect nickname.
Speaking in his first interview as a City player, Marmoush said: “Representing my country at a big club like this was something I always dreamed of. [Now] my dreams are becoming a reality of being [the first Egyptian] at Manchester City and I hope I can keep up this level.
“The Premier League is for us in Egypt the biggest league and the most followed league because of my team-mates like Mo Salah and other Egyptian players that have played in the Premier League.
“Most of the players growing up, our dream is to be here and that is why it makes me so happy that I am here to reach this beautiful league.”
Elsewhere at the club, a loan deal for Kyle Walker to join AC Milan with an option to buy also looks to be all but done. Happy with the transfer business done so far, Blues?