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submission on Monday , backdated to 10 January, revealed Red Football Limited – an immediate parent company of Man United – has issued 100 shares.Ratcliffe purchased a 27.7 per cent stake in United in February last year after agreeing a £1.25billion deal with the Glazers.Sources have toldthe latest £80million investment is the final instalment of those payments and will likely be used to pay the bills at Old Trafford.The British billionaire’s stake is now believed to be worth 28.
The 72-year-old has made up to 250 members of staff redundant, increased the price of all matchday tickets to £66 for the remainder of this season and is understood to have cancelled a charity donation for club legends.Ratcliffe has made “mistakes” at Old Trafford he wouldn’t usually make in charge of his other businessesThe Manchester giants’ latest accounts for 2023-24 revealed they generated a club-record revenue of £661.8million despite recording a net loss of £113.
That meant they were close to the profit and sustainability limit last season, with top-flight sides only permitted to make £105million of losses over a rolling three-year period.
The Portuguese manager has, however, struggled to improve United’s fortunes on the pitch since joining in November, with his side currently sitting 14th in the Premier League table after 20 games.
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