Sir Jim Ratcliffe is prepared to commit $300million (£245m) of his personal wealth for infrastructure upgrades at Manchester United. INEOS, the petrochemicals company owned by Ratcliffe, is set to purchase a 25 per cent stake in United from the Glazer family.
Sir Jim Ratcliffe is prepared to commit $300million of his personal wealth for infrastructure upgrades at Manchester United.
the petrochemicals company owned by Ratcliffe, from the Glazer family. Ratcliffe’s $300m investment would come out of his own pocket and would not add to United’s existing debt, . It has not yet been officially agreed or signed but the cash injection is expected to happen.
has experience with big infrastructure projects, with the company having just undertaken a five-year project to construct a chemical plant in Antwerp which involves “building and installing similar infrastructure that you would find in any small town or village”. The Glazer family put United on the market last November.
as the only option on the table. In return for that investment, Ratcliffe wants control over and responsibility for sporting decisions at Old Trafford. Essentially, he wants to reshape the football part of this football club in the image.
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