as the majority Manchester United fans know that monaco Sir Jim Ratcliffe and his company INEOS, Already have many sports interests.
navigation . In 2018, Ratcliffe and INEOS are good investments Bids in excess of £100m include, among other things, the 2021 Copa America title. Ineos UK, led by Ben Ainslie, beat the knockout 7-1 and failed to reach the final.
ride a bike In the spring of 2019, Team Sky changed its name to Team Ineos after Ratcliffe approved a deal said to be worth £40m a year. A Team Sky driver who has won Le Tour in each of the past four years, Egan Bernal duly ensured INEOS a victory. Since then, they have never won again.
Formula one. Ineos bought a third of the all-conquering Mercedes team ahead of the 2021 season, which saw them win their eighth consecutive constructors’ title. In 2022, they didn’t even make the top two.
football. Ineos owns French mid-table Nice and Sporting Lausanne, which were relegated from Swiss football’s top flight at the end of last season.
In other words, Ratcliffe clearly loves his sport, but not everything he touches turns to gold. In his firm, he has an extensive sports portfolio, and attention can sometimes be more divided than some would like.
Let’s put it this way, if he succeeds in taking over at Old Trafford, Sir Jim may not necessarily become the Golden Armor. But let’s be honest, the chances of Ratcliffe and Ineos owning United – lock, stock and barrel – are slim and none at any given time.
Do you think Sir Jim Ratcliffe would be a good boss for Manchester United? leave a comment here.
Ineos recently announced its intention to buy an elite Premier League club, which smacks of a PR stunt. Wall Street certainly didn’t take notice of the news, and the club’s share price barely budged on the news.
United’s current market cap is $3.7 billion, and with the club’s debt, a figure of $5 billion would be the starting price for a bidding war.
Word out of the US is that the Glazers won’t support anything less than $8 billion in total sales. Ratcliffe has previously suggested that Premier League clubs are overpriced and figures like this will certainly only reinforce his belief. But the truth is, the Glazers can demand that amount because they don’t really need to sell.
They said they would consider – “the board will consider all strategic options, including new investments in clubs, sales or other transactions involving the company” – but they need not.
It’s early days, but Erik 10 Hag is leading the renaissance and if that continues, United’s value will skyrocket. Of course, if the Glazers do sell, they stand to reap huge profits, but that number could be even bigger in the future, and in the meantime, they can continue to receive huge dividends.
Maybe they’ll follow through on a statement of intent they made months ago, decide they’ve had enough, and walk away with the billions in profits. But United fans shouldn’t get their hopes up.
If only the Glazers sold soon, it would be a nice story if the buyer was a self-made billionaire…but seriously, don’t hold your breath.