Sir Jim Ratcliffe’s net worth has seen a decline of approximately £370 million since acquiring his stake in Manchester United, as per the reported figures.
In February 2024, Ratcliffe finalized his 27.7% minority acquisition of the Red Devils. Many anticipated that the arrival of the INEOS chief would herald a new era; however, apart from the FA Cup victory against Manchester City, the Red Devils have predominantly faced challenges on the field.
At the time of completing his purchase, Ratcliffe’s net worth was estimated at around $16.5 billion (£12.19 billion) according to Forbes, a decrease from $22.9 billion (£16.92 billion) the year prior. The data further indicates that his net worth has suffered an additional setback, with a total decline of $500 million (£370 million) since last year.
Prior to finalizing his stake, Ratcliffe was among several contenders vying for a complete takeover of the club. However, when discussing the current owners, the Glazer family, Ratcliffe has maintained a cordial and respectful demeanor towards the American venture capitalists.
Privately, the Mail reports that he shares similar sentiments, implying that he does not wish for the United owners to divest their remaining stakes. A source close to Ratcliffe informed the outlet: “They absolutely get on. So much so that Jim has flown over to the US on multiple occasions to have board meetings on their doorstep. They are like-minded individuals.”
Following the completion of Ratcliffe’s purchase, club shares reportedly dropped by 8.65 percent ($1.51). Nevertheless, his intentions for a takeover had been established in November 2023.
The United chief even recruited individuals such as Omar Berrada from City to assume the role of the Reds’ new CEO, prior to the finalization of the purchase. Ratcliffe responded to the decline in share prices with composure, asserting that enhanced performances on the pitch would lead to an increase in their value.
He said: “We have a lot to learn from our noisy neighbour (City) and the other neighbour (Liverpool). They are the enemy at the end of the day.
“There is nothing I would like better than to knock both of them from their perch. He (Sir Alex Ferguson) was the first one who came out with that expression.
“I am in the same place as Alex – 100 per cent. He was fiercely competitive and that is why he was successful. We have to be the same.”
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