Manchester United co-owner Sir Jim Ratcliffe has seen his wealth fall by £6.473bn – greater than 1 / 4 of his fortune – within the final 12 months, in keeping with the newest Sunday Instances Wealthy Listing, exterior.
The 72-year-old’s wealth has declined from £23.519bn to £17.046bn prior to now 12 months.
He has slipped from fourth to seventh on the annual checklist of the UK’s 350 richest folks.
Ratcliffe’s Ineos Group purchased a 27.7% stake in United in February 2024 in a deal price about £1.25bn ($1.6bn) that noticed Ineos take management of soccer operations.
The British billionaire’s time at Outdated Trafford has drawn criticism after United raised ticket costs and made two rounds of redundancies in a bid to enhance the membership’s funds.
Ratcliffe defended a few of United’s monetary cost-cutting measures in a wide-ranging BBC interview in March through which he stated the membership would have “run out of money by the top of this 12 months” had he not made “unpopular” selections.
Nonetheless, in March United unveiled formidable plans to construct an “iconic” new £2bn, 100,000-seater stadium near Outdated Trafford.
Ratcliffe has stated that monetary pressures on British petrochemical agency Ineos wouldn’t affect Manchester United.
Ineos walked away early from its sponsorship take care of New Zealand Rugby in February, whereas it additionally parted methods with four-time Olympic champion Ben Ainslie earlier this 12 months after backing the Britannia America’s Cup crusing workforce since 2018.
The corporate has blamed “cost-saving measures” throughout its enterprise, citing the struggling chemical substances trade in Europe due to “excessive power taxes and excessive carbon taxes”, together with “the deindustrialisation of Europe”.
When requested about Ineos’ monetary points, Ratcliffe informed BBC sports activities editor Dan Roan in March: “Ineos is in a great place right this moment however not in pretty much as good a spot because it was three or 4 years in the past. Europe has develop into a really troublesome place to do enterprise for industrial corporations as a result of power costs now in Europe are 5 instances America, which is the place quite a lot of our competitors is.”
Sitting sixteenth within the Premier League with two video games remaining, United’s hopes for silverware and European soccer subsequent time period relaxation on their encounter with Tottenham within the Europa League last on Wednesday, the winner securing a spot within the Champions League.
Whereas Ratcliffe has seen his wealth decline, athletes akin to Rory McIlroy, Anthony Joshua, Sir Andy Murray and Harry Kane have elevated their fortunes.
Golfer McIlroy is the main athlete within the Sunday Instances’ 40 below 40 checklist, which charts the price of the 40 richest folks below the age of 40.
The Northern Irishman, who accomplished the profession Grand Slam by successful the Masters final month, is nineteenth on the checklist after growing his private fortune from £225m to £260m.
Boxer Joshua seems twenty fourth on £195m, regardless of not preventing since his defeat by Daniel Dubois in September, whereas Murray is thirty fifth on £110m following his retirement from tennis in August.
England males’s soccer captain Kane, who gained the primary main trophy of his profession when Bayern Munich gained the Bundesliga earlier this month, simply makes the checklist in joint-Thirty eighth place after seeing his fortune enhance by £25m to £100m.
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