Who is Man Utd’s new owner Sir Jim Ratcliffe?

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Sir Jim Ratcliffe’s company INEOS has bought 25 percent of Manchester United. As part of the deal they have gained sporting control of the club and are due to invest $300m.

But what is INEOS?

And who actually is Jim Ratcliffe?

Laurie Whitwell writes. Marco Bevilacqua illustrates.

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#MUFC #ManUtd #INEOS

so Jim ratliff’s company inos has bought 25% of Manchester United as part of the deal they have gained sporting control of the club and are due to invest $300 million but what is inos and who actually is Jim [Music] Ratcliffe Jim Ratliff is 71 years old his net worth according to the Bloomberg billionaires index is $1 13.6 billion but the Sunday Times rich list an annual list compiled by the British newspaper estimated him to be worth 29.6 billion making him the second richest man in the UK ratliffe already owns two football clubs laan sport since 2017 and nce he also owns one-third of the successful Mercedes F1 organization the inos Britannia sailing team and the inos tour to France winning cycling team he also has a pub the Grenadier in London’s belg gravia lime wood a five-star hotel in the New Forest Hampshire near Southampton La poeta a ski resort in kval France and two super Yachts named Hampshire and Hampshire 2 and on top of all this he owns Bell staff the clothing company rackliff describes himself as a Boyhood man united fan but he actually attempted to purchase Chelsea when the club were for sale in 2022 as well as offering Barcelona president Joan leap Porter two or three billion from inos for a 50% stake inasa and a promise to never sell up he also told the times in 2019 that he bought nice rather than a Premier League club because inos never wants to be the Dum money in town never never and said through a spokesperson in November 2022 that investing in his league on side would represent much better value for our investment than buying one of the top tier Premier League clubs rackliff is not averse to the occasional change of heart then a UK tax Exile who backed brexit orbe it a soft one and moved ino’s headquarters out of the UK and then back again rackliff grew up in a council house in failsworth a few miles from Manchester City Center his father was a joiner and his mother worked in an accounts office later in his childhood the family would move to Yorkshire where he was enrolled at Beverly grammar school just north of Hull he left the school with a levels in maths physics and chemistry and having captained its football team he read chemical engineering at Birmingham University then worked for ESO after graduation before moving into private Equity at Advent International in 1992 he co-founded chemicals firm inspec and 6 years later formed inos today inos is the fourth largest Chemical Company in the world producing chemical and oil products that are used across industry and everyday life it comprises 36 businesses at 194 sites in 29 countries with more than 26,000 employees if you have used a product containing Plastics textiles medicines or hygienics in recent years the chances are that you have used something inos has helped manufacturer it also produces chemicals and compounds used in sport including the plastic used in artificial grass Stadium construction seats and gold Nets Rubber and PVC used in footballs and Plastics in Boots Ratliff has made his fortune out of finding value in the market inos is essentially a conglomerate of businesses he bought between 1998 and 2008 which are still run in a relatively loose Federal style in this regard he is similar to Todd Bley the investor who ultimately won the Chelsea takeover contest at inos he used high yield debt to finance deals and started hoovering up unwanted operations from British Petroleum in 1998 with a young family ratliffe mortgaged his house and put all his money into the deal if it goes wrong you’ve lost all your money and completely screwed up your career he told the financial times in 2014 what did his wife think she accepted it was a risk inos eventually bought inine BP’s refining and petrochemical arm in 2006 and in its first first 10 years inos completed more than 20 Acquisitions his strategy was relatively simple take on debt to buy the asset reduce the outgoings Via cost savings and build it back up when the global financial crash happened in 2008 inas struggled to deal with the sharp decline in oil prices and the company closed some factories inos also broke a covenant and had to renegotiate debts with several banks at a cost of £84 million Ratliff asked the UK’s then labor government a short-term deferral of a vat payment worth £350 million but the request was turned down inos is also a major consumer of fossil fuels and therefore a significant generator of greenhouse gases such as carbon dioxide and the company’s record on environmental concerns has often been questioned on its website inos insists that sustainability is fundamental to how we do business on the wall of the lift in the company’s headquarters in London there is a giant Compass covered with work words and slogans we like in its northern half and ones we don’t like in its Southern half in an attempt to explain the company’s DNA kids in sport team players and Work Hard Play Hard are all in the northern half as are AER and Northerners in great rigor and humor the inor story a book published in 2023 the company’s co-founder and Chief Financial Officer John ree is asked about its recent foray into more consumer facing products such as building 4X Force fashion and football the logic was that we were very successful generating a lot of cash says Reese but you need to have a bit of fun you can’t spend your whole life in chemicals this makes Manchester United the most recent step away for inos and the newest Frontier for Jim Ratcliff if you like this video please consider subscribing to the channel the athletic is home to some of the world’s best sports journalists including David onstein Daniel Taylor Ole K Amy Lawrence and Rafa honstein with the latest transfer news and insight on Premier League Football story that matters theathletic.com puts you inside football and you can try it for free now for 30 days see the link in the description