In an unexpected development, Sir Jim Ratcliffe, the billionaire owner of Ineos, has significantly expanded his stake in Manchester United to almost 29%. This follows a substantial capital infusion that has generated considerable speculation among fans and analysts.
Sir Jim Ratcliffe's Growing Influence at Manchester United
On December 19, 2024, Ratcliffe invested a further £79 million in Manchester United, increasing his ownership from 27.7% to 28.94%. This inflow is part of a bigger commitment Ratcliffe made when he initially acquired minority ownership in the club earlier this year, which includes promises to invest in infrastructural improvements rather than player transfers.
This increased investment signifies more than just numerical value; it reflects Ratcliffe's dedication to reviving the club. The money is intended for critical infrastructure improvements instead of immediate player buying or selling, resulting in disappointment among fans who are expecting a boost during the January transfer window.
Some fans are enthusiastic about the possibility of positive change, while others express concern about the effects of these decisions on the club's culture and performance. The recent increase in ticket prices to £66 per match caused much discontent among fans who believe that such actions are unjustified in light of the club's present performance and financial condition.
Ratcliffe's increased ownership could lead to major changes within Manchester United. His expertise in ownership of many sports franchises, including as the cycling team Ineos Grenadiers and Ligue 1 club Nice, gives him a unique perspective on the management of large-scale sports organisations. This experience may be crucial in managing the complicated processes of operating a worldwide football club such as United.
Ratcliffe raised concerns about United's standards amid post-Sir Alex Ferguson struggles
It's been a year since Ratcliffe's INEOS group sealed co-ownership of United. The British billionaire has seen the glaring issues taking hold at Old Trafford since Sir Alex Ferguson's retirement in 2013.
Ratcliffe highlighted these in an interview with the United We Stand fanzine (via The Athletic):
"We have to make some difficult and unpopular decisions. If you shy away from the difficult decisions then nothing much is going to change. We still have a long way to go and we still have a number of difficult decisions to make but we have to do that for the better. The club has drifted for a long period of time, a decade or so. Manchester United has become mediocre. It’s not elite and it is supposed to be one of the best football clubs in the world. That’s what it used to be under Alex."