Manchester United co-owner Sir Jim Ratcliffe has seen his wealth fall by £6.473bn – greater than 1 / 4 of his fortune – within the final yr, in response to the most recent Sunday Occasions Wealthy Checklist, exterior.
The 72-year-old’s wealth has declined from £23.519bn to £17.046bn prior to now 12 months.
He has slipped from fourth to seventh on the annual listing of the UK’s 350 richest individuals.
Ratcliffe’s Ineos Group purchased a 27.7% stake in United in February 2024 in a deal value about £1.25bn ($1.6bn) that noticed Ineos take management of soccer operations.
The British billionaire’s time at Outdated Trafford has drawn criticism after United raised ticket costs and made two rounds of redundancies in a bid to enhance the membership’s funds.
Ratcliffe defended a few of United’s monetary cost-cutting measures in a wide-ranging BBC interview in March wherein he stated the membership would have “run out of money by the top of this yr” had he not made “unpopular” choices.
Nonetheless, in March United unveiled formidable plans to construct an “iconic” new £2bn, 100,000-seater stadium near Outdated Trafford.
Ratcliffe has stated that monetary pressures on British petrochemical agency Ineos wouldn’t impression Manchester United.
Ineos walked away early from its sponsorship take care of New Zealand Rugby in February, whereas it additionally parted methods with four-time Olympic champion Ben Ainslie earlier this yr after backing the Britannia America’s Cup crusing group since 2018.
Ineos blamed “cost-saving measures” throughout its enterprise, citing the struggling chemical compounds business in Europe due to “excessive vitality taxes and excessive carbon taxes”, together with “the deindustrialisation of Europe”.
Sitting sixteenth within the Premier League with two video games remaining, United’s hopes for silverware and European soccer subsequent time period relaxation on their encounter with Tottenham within the Europa League remaining on Wednesday, the winner securing a spot within the Champions League.
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