Who is Jim Ratcliffe, the tycoon who acquired part of Manchester United?

Who is Jim Ratcliffe, the tycoon who acquired part of Manchester United?

Sir Jim Ratcliffe has already reached an agreement with the Glazer family and will obtain 25% of Manchester United shares to focus, clearly, on the sporting part of the club, one of the main shortcomings in recent seasons.

Ratcliffe is a chemical engineerpopular for having founded INEOS in 1998, the fourth largest chemical company in the world, and for making sport a vehicle for its investments. The fortune of the businessman 70 years old is valued at 13 billion dollars, according to Forbes magazine, and has invested large capital in equipment such as Nice from France, Lausanne from Switzerland and even in cycling, with the group that bears the name of the company and is the most successful of the last decade.

Ratcliffe It has been linked to the world of sports for several years with the INEOS Grenadiers cycling team, a name it adopts because of the vehicle model produced by the company, which is one of the most powerful in two-wheeled sports.

Sir Jim Ratcliffe made an offer for 1,704 million dollars in exchange for 25% of the club’s shares, something they had been looking for for a long time, while the Glazer family decides what to do with the remaining 75%. Although the English engineer’s plan is to take control of the entire institution in the future.

Avram and Joe Glazer gave their first words after reaching the agreement: “Through INEOS Sport, Manchester United will have access to experienced high-performance professionals, with experience in creating and leading elite teams. both in and out of the game. “Manchester United has talented people across the club and our desire is to always improve at all levels to help our great fans be more successful in the future.”

What will Ratcliffe think about the Super League?

Manchester United remains committed to playing in competitions organized by UEFA following Thursday’s Court of Justice verdict of the EU, according to which the governing body of European football and FIFA contravened the bloc’s legislation by preventing the formation of a Superleague.

Manchester United was one of 12 clubs involved in the formation of the failed Super League in April 2021but retired due to pressure from fans, governments and players.

Our position has not changed. “We remain fully committed to participation in UEFA competitions, and to positive cooperation with UEFA, the Premier League and fellow clubs through the ECA (European Club Association) in the continued development of the European game,” he said. the club.

Liverpool, Manchester City, Chelsea, Tottenham Hotspur and Arsenal were the other five Premier League clubs that were involved in the creation of a Super League.

The Premier League announced that they would be deducted 30 points if they tried something similar in the future and that they would be fined 25 million pounds to each other.

Bayern Munich He was committed to UEFA competitions and stated that the door to the Super League “remains closed” for the German champion.

Source: Ambito

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