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United confirm £39.9m Ineos purchase costs

A corner flag at Manchester United's Old Trafford stadium
[Getty Images]

Manchester United paid out £39.9m in various costs around Sir Jim Ratcliffe’s 29% purchase of the club.

A £30.3m payment is listed within United’s third-quarter accounts as being in relation to costs incurred within the sale to Ratcliffe’s Trawlers Limited holding company.

This figure is in addition to the £9.6m included in the second-quarter results released in March.

Ratcliffe spent £1.03bn to buy an initial 25% stake in United - a deal announced on 24 December 2023.

He has provided a further £236m for infrastructure projects, £50m of which has been earmarked for major improvements already under way at the club’s Carrington training ground.

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The costs were part of the reason United's operating loss for the quarter grew by 1,308.5% to £66.2m. Net finance costs for the period in question were £17.3m, which the club said was down to an "unfavourable swing in foreign exchange rates in the current quarter".

United's principal debt remains at $650m (£511.3m). In addition, their revolving credit facility borrowings are £143m.