Recently, the name that has come on the internet is attracting a lot of people’s attention, yes here we are talking about Jim Ratcliffe. Jim Ratcliffe is the well-known CEO of Ineos who has been looking to invest $300 million in Manchester United’s infrastructure, in addition to his $1.5 billion-plus offer to buy a 25% stake in the soccer club, as a person familiar with the matter. This news circulated on social media platforms and now lots of people are super curious to know about the whole information about the news. Here we have more information about the news and we will share it with you in this article.
The investment, planned to boost the club’s aging infrastructure, will be financed by the billionaire personally and not add to the Premier League club’s existing borrowings, the sources stated. Shares in United increased 4 percent to $18.85 on the news, which was first reported. Instantly Retclidffe did not respond to a request for comment. Manchester United failed to respond to a Reuters request for comment. Currently, this news has been making headlines on social media platforms as fans want to know complete information about the news. Scroll down to the next page for more information about the news.
Reuters noted in October that Ratcliffe would pay over $1.5 billion for a 25% stake in United has been his request for the iconic soccer club to be taken by the Glazer family that controls it. The Glazers have not arrived yet to deal with Ratcliffe but one has been anticipated to be completed between both sides in the coming weeks. You are on the correct page for more information about the news, so please read the complete article.
As far as we know, Qatar’s Sheikh Jassim bin Hamad al Thani informed the Glazers the previous month that he would not be growing his $6 billion offer further and had fallen out of the bidding process. In 1998 Ratcliffe founded Ineos and he works as a chemical group’s chairman and chief executive officer, with a two-thirds stake. Forbes pegs his net worth at about $19 billion. The British billionaire is no stranger to the business of sports. Ineos owns the French Liegue 1 club Nice, Swiss Super League side FC Lausanne-Spor and works with Racing Club Abidijan of Ivory Coast Ligue One. Here we have shared all the information that we had. Stay tuned to us for more updates.