Manchester United reveal £40m takeover cost and exact Sir Jim Ratcliffe investment
manchestereveningnews.co.ukManchester United spent a further £30.3m on legal fees and other costs related to Sir Jim Ratcliffe's deal to buy 27.7% of the club, their latest accounts have revealed.
It was already known that United would be paying the fees associated with the £1.25bn deal for Ineos to acquire a minority stake in the club and the accounts for the first three months of the year have revealed further details, with costs associated both to Ratcliffe as the buyer and the Glazer family.
The financial results covering the final three months of 2023 showed that £9.6m had been spent so far on the deal, which was agreed in December but only fully ratified in February of this year.
A further £30.3m has now been spent on the fees connected to the agreement, taking the total to £39.9m. ALSO READ: United record £71m loss after European exit amid cost and transfer warning ALSO READ: Manchester United still in talks with free agent despite three transfer bids But the minority takeover also included an investment of $300m of Ratcliffe's own money, giving the club a cash injection of £234m.
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