Ratcliffe ready to invest extra $300 million into Manchester United

One of the former favorites to buy the majority stake at Manchester United, Jm Ratcliffe is looking to invest $300 million into the club’s infrastructure, in addition to his $1.5 billion plus offer to buy a 25% stake, according to a person familiar with the matter.

The investment, intended for upgrading the club’s ageing infrastructure, will be financed by the billionaire personally and will not affect the existing borrowings of the Red Devils.

“I hope this money isn’t a way of keeping the Glazers here.”

Jay Motty from Stretford Paddock on Sir Jim Ratcliffe’s investment in Manchester United 💰🔴 pic.twitter.com/JdVjCMAzRS

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Reuters reported in October that Ratcliffe would pay more than $1.5 billion for a 25% stake in United were his bid for the iconic soccer club to be accepted by the Glazer family that controls it. The Glazers have not yet reached a deal with Ratcliffe but one is expected to be finalised in the coming weeks.