A vision of United’s future? Sir Jim Ratcliffe’s plan on how he would run Chelsea gives a glimpse to what Red Devils fans could expect – insisting he WOULDN’T be in it for profit and would compete with Europe’s finest clubs
- Sir Jim Ratcliffe has given an insight into how he would run Man United
- His comments from his failed Chelsea takeover give an insight into his plans
- Team Ineos currently owns French side OGC Nice, where they’ve had success
- The British billionaire is extremely interested in buying Premier League giants
Sir Jim Ratcliffe may have already hinted at what Man United fans could expect if he takes over the club, having outlined how he would run a football club when he attempted to buy Chelsea earlier this year.
On Wednesday, a spokesperson speaking on behalf of the billionaire Ineos owner, outlined that the English businessman sees himself as a ‘potential buyer’ of the Red Devils.
It came later Sportsmail revealed the club’s current American owners, the Glazer family, were considering selling a minority stake in Man United and that they had held preliminary discussions about the possibility of bringing in a new investor.
And United fans have already been given an insight into how Ratcliffe would operate the club, when he insisted he would not view the club as a ‘financial asset’.
Ratcliffe said: ‘No, we’re not interested in making money out of Chelsea. Can we run that club really, really well and turn it into one of the finest clubs in Europe? That’s our ambition with Chelsea.
‘We make lots of money in chemicals, we don’t need to make money out of (Chelsea). We don’t think of it as a financial asset.’
Ratcliffe, who has an estimated net worth of £12bn, wants to purchase the club outright, having recently failed with a bid to buy Chelsea, while US private equity firm Apollo have entered exclusive talks to acquire a minority share in the club.
British billionaire Sir Jim Ratcliffe wants to buy a stake in Manchester United
Ratcliffe tabled a bid for Chelsea in May but was beaten to it by American Todd Boehly
The English businessman now sees himself as a ‘potential buyer’ of the Red Devils
Ratcliffe already has experience at the helm of a top football club, with Team Ineos completing their €100million (£85million) takeover of Ligue 1 club OGC Nice in 2019.
The French side have had steady progress under Ratcliffe’s ownership, with last season’s fifth place finish being their highest placement in the league since 2017.
The English businessman also proved he has an eye for talent having secured the services of manager Christophe Galtier, just a year before the Frenchman was snapped up by league champions PSG.
The 69-year-old tried to buy Chelsea earlier this year but saw his late bid turned down as current owner Todd Boehly and his consortium took ownership of the London club.
Ratcliffe tabled a last-minute £4.25 billion offer to purchase the Stamford Bridge side in May but now aims to become Manchester United owner after registering his interest.
Brothers Avram (right) and Joel Glazer (left) are expected to keep their shares in the Red Devils
United fans have already been given an insight into how Ratcliffe would operate the club
The current ownership model at the club sees the majority of control lie with the Glazer family, with Avram and Joel Glazer the main representatives.
They purchased in the club in 2005, and despite coming in for swathes of criticism since their takeover, have recently felt the growing discontent increase after being publicly slammed by supporters, pundits, and former players with the club in disarray after years of poor management and recruitment.
While they do not plan to walk away entirely, the Glazers are prepared to sell minority shares at Old Trafford and, as revealed by Sportsmailhave entered exclusive talks with US private equity firm Apollo.
It is understood Apollo may bring in other investors as part of any deal, however the consortium is not likely to include bidders who missed out on the recent sale of Chelsea, such as Ratcliffe.
Ratcliffe proved his eye for talent by snapping up Christophe Galtier before his move to PSG
WHO IS SIR JIM RATCLIFFE?
Sir Jim, founder and boss of chemical giant Ineos, is a football obsessive who recently attracted controversy by his decision to abandon Britain for the tax haven of Monaco.
Newspaper articles suggested the billionaire was considering putting in an offer for the club, although his spokesman later said there was ‘no substance’ to the reports.
Sir Jim, who bought French club Nice for £91m in 2019, has previously been linked to both Chelsea and Manchester United, but has never gone ahead with buying a Premier League club because he considers them too expensive.
In 2019, the 69-year-old identified Chelsea’s Stamford Bridge stadium as a major issue for any potential owner.
Born in 1952, Sir Jim grew up in a council house on Dunkerley Avenue in Failsworth, a small town between Manchester and Oldham, before attending Beverley Grammar School when his family moved to Yorkshire.
Sir Jim is a lifelong Manchester United fan, although he also has a season ticket at Chelsea. He sponsors the professional cycling team the Ineos Grenadiers, who under their previous name, Team Sky, won the Tour de France seven times.
In 2020, he was slammed for following a raft of rich Britons including Topshop boss Phillip Green and his wife Tina in relocating from the UK to Monaco where he is expected to save an estimated £4billion in tax.
People who live in Monaco for at least 183 days a year do not pay any income or property taxes. In the UK, meanwhile, the highest tax rate is 45% on income above £150,000-a-year.
Sir Jim was the UK’s third highest individual taxpayer and forked out £110 million in 2017-18, according to the Sunday Times tax list.
The move came soon after he was knighted by the Queen for ‘services to business and investment’.
The businessman also came under fire when it emerged he had furloughed almost 800 members of staff from his luxury hotel groups. His net worth has been reported as between £12 and £14bn.