News, Culture & Society

Sir Jim Ratcliffe announces he wants to BUY a stake in Manchester United

Sir Jim Ratcliffe – Britain’s richest man worth £12bn – wants to BUY a stake in Man United… with the Red Devils fan (who also bid for Chelsea) keen to eventually take full control at Old Trafford

  • Sir Jim Ratcliffe is interested in buying English giants Manchester United
  • The billionaire Ineos owner holds significant interest in the Premier League side
  • A spokesperson confirmed Sir Ratcliffe would welcome talks with the Glazers
  • Ratcliffe wants to invest in the club before taking full control of Man United 

Sir Jim Ratcliffe wants to buy a stake in Manchester United with a view to purchasing the majority shareholdings in the Premier League club from current American owners, the Glazers. 

A spokesperson, speaking on behalf of the billionaire Ineos owner, outlined the English businessman views himself as a ‘potential buyer’. 

Ratcliffe, a self-confessed Manchester United fan, is open to purchasing a minority investment in the organisation with an aim to taking full control of the club in the future. 

The 69-year-old recently tried to purchase Chelsea but saw his late bid turned down as current owner Todd Boehly and his consortium took ownership of the London club.  

Sir Jim Ratcliffe wants to buy a stake in Premier League club Manchester United

A self-confessed Manchester United fan, Ratcliffe wants to purchase the struggling club

A self-confessed Manchester United fan, Ratcliffe wants to purchase the struggling club

Ineos revealed that company founder and Britain’s richest man has plans to buy the record Premier League holders when reacting to previous news regarding potential investment in the club.

‘If the club is for sale, Jim is definitely a potential buyer,’ the spokesman told The Times.

‘If something like this was possible, we would be interested in talking with a view to long-term ownership,’ the spokesman added. 

Ineos then added that Ratcliffe would use investment to upgrade current infrastructure such as the deteriorating Old Trafford, with a need to press the ‘reset’ button.

Ratcliffe, 69, is Britain's richest man with a staggering reported net worth of £12billion

Ratcliffe, 69, is Britain’s richest man with a staggering reported net worth of £12billion

‘This is not about the money that has been spent or not spent. 

‘Jim is looking at what can be done now and, knowing how important the club is to the city, it feels like the time is right for a reset.’ 

The current ownership model at the club see’s the majority of control lie with the Glazer family, with Avram and Joel Glazer the main representatives of the family. 

Other holdings in United are largely owned by investors on the New York Stock Exchange. 

They purchased in the club in 2005, and despite coming in for swathes of criticism since their takeover, have recently been slammed by supporters, pundits, and former players with the club in disarray after years of poor management and recruitment.

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Read more at DailyMail.co.uk