Football
Sir Jim Ratcliffe loses billions as Man Utd co-owner hit hard in the pocket
Manchester United co-owner Sir Jim Ratcliffe has lost almost £6.5billion in the past 12 months as he struggles to turn around the club’s fortunes. Last February, the INEOS boss agreed a deal worth £1.3bn with the Glazer family in exchange for control of the club’s football operations.
Ratcliffe bought a 27.70 per cent stake in the club and has since increased his stake to 28.94 per cent. However, his 15-month reign has proved divisive with fans. Despite last season’s FA Cup win and a Europa League final clash with Tottenham next Wednesday, United are 16th in the Premier League table amid a wretched domestic campaign.
