But I don’t know where those conversations will finish up. He revealed to The Times how he made his money, saying: "We’d look at businesses that were unfashionable or unsexy, facilities owned by large corporations where you’d know they would be sloppy with the fixed costs. "Meet billionaire Ineos boss Jim Ratcliffe, one of Manchester's most successful entrepreneurs of all time" . Sir Jim Ratcliffe, Britain's richest man, has explained why he has not made the decision to buy Manchester United. His move to the tax haven, where he already had a property, will save him around £4BILLION in tax. It’s quite difficult. "We’d run them a bit better, reduce the costs, make them busy, and over the cycle they are very profitable.". In 2006, Ineos bought BP's refining and petrochemical arm Innovene, giving the company refineries in five European countries and Canada. However, The Blue and Whites were RELEGATED in his first season at the helm, dropping down to the Challenge League last May. Ratcliffe's first job was with oil firm Esso, before moving to American private equity group Advent international in 1989. THE billionaire businessman linked with a sensational £2billion bid to buy Chelsea has admitted he is really a Manchester United fan. Ratcliffe who has been supporting United from his childhood days is worth more than £21billion, and he was also interested in buying Chelsea earlier this year. Billionaire Sir Jim Ratcliffe claims Man Utd have made a number of poor decisions since Sir Alex Ferguson left Credit: Getty - Contributor. Bloomberg. Drop your mail and be the first to get fresh news . Arsenal ace Ian Wright is finally reunited with long-lost golden boot, Man Utd transfer news LIVE: Follow all the latest from Old Trafford, Ozil happy to leave Arsenal in January... if they pay him £68K A WEEK until 2023, Keane eyes shock return to management despite ex-Man Utd hardman's pundit fame, Eberechi Eze appears to break Covid rules by attending QPR clash despite fan ban, ©News Group Newspapers Limited in England No. Ratcliffe was born in Failsworth, Lancashire, a commuter town just outside of Manchester. READ ALSO: Top 10 football players by current market value 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. To inquire about a licence to reproduce material, visit our Syndication site. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. Josh is a writer who specialises in football and wrestling. ^ a b Dominic O’Connell (29 April 2007). Jim Ratcliffe is the answer to the prayers of many Manchester United supporters. But the billionaire has revealed he has zero interest in taking over the Red Devils as a future. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Comments are subject to our community guidelines, which can be viewed, Britain's richest man, Sir Jim Ratcliffe, would never be interested in buying Man Utd, Ratcliffe was linked with a takeover at Chelsea back in March, In August Ratclife forked out £91m to buy Nice, Sir Jim Ratcliffe on how his company made their billions, Ratcliffe's company, Ineos, produces a range of plastics, lubricants and products used in everyday life - such as bottle tops and toothpaste, Ratcliffe is a supporter of controversial drilling process fracking, Ratcliffe is a lover of sports and the outdoors - and has financed a new 4x4 to replace the Land Rover Defender, The billionaire's super-yacht, the Hampshire II, cost £130m and includes a swimming pool, helipad and room for 14 guests, Ratcliffe is a keen sailor and teamed with Olympic hero Sir Ben Ainslie to form Ineos Team UK - the billionaire has already spent £110m on the project, Ole Gunnar Solskjaer says Man United ‘lacked desire’ in first half against Sheffield United. Now, Ratcliffe has his eye on buying Chelsea, where he has a season ticket, “despite growing up in Manchester as a United fan”, The Times reports. Britain’s richest man has been making moves into the sporting world recently,… As well as growing up a Manchester United fan, he has made expeditions to the North and South Poles and also spent three months on a motorbike trek across South Africa. They haven’t got the manager selection right, haven’t bought well,” Radcliffe, who has also considered the possibility of taking over Premier League duo Chelsea and Newcastle, told The Times. Living in Chelsea, Ratcliffe is a season-ticket holder at Stamford Bridge, however is believed to be a Manchester United supporter, but holds a keen interest in sport in general. He said: "I am a season ticket holder at Chelsea, have been for years, although I’m a Manchester United fan really. Shockingly poor, to be honest. Billionaire Ratcliffe is the founder of chemical company INEOS, who purchased Nice this summer. Bridge over troubled waters However, he is a known lover of Land Rover Defenders and will now finance his own line of cars to fill the gap left in the market now the Defender is no longer in production. He has also owned two large super-yachts, the Hampshire, which he sold in 2011 to take order of the Hampshire II, which he still owns. The Oldham-born businessman also explained his approach in the football market, while lamenting United’s ‘shockingly poor’ business since Sir Alex Ferguson retired at the end of the 2012/13 season. The 66-year-old completed a takeover of cycling giant Team Sky on Tuesday – and the Blues could be hi… 2. "Ineos is delighted to take on the responsibility of running such a professional team.". Ratcliffe, a Manchester United fan, has been mentioned as a possible future owner of Chelsea, if Russian tycoon Roman Abramovich ever sells the Premier League club. BRITAIN'S richest man revealed he will not buy Manchester United as the club have "lost the plot". He completed the purchase of the team in November 2017, with the club sitting fifth in the Swiss Super League. But could a … To see all content on The Sun, please use the Site Map. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. We’d look at businesses that were unfashionable or unsexy... We’d run them a bit better, reduce the costs, make them busy, and over the cycle they are very profitable. ^ Bell, Alex (10 September 2015). In 2018, the Sunday Times named Ratcliffe as Britain's Richest Man, with a personal wealth of £21.05bn. Sir Jim Ratcliffe, who grew up supporting the Red Devils, is worth a whopping £20billion. BRITAIN'S richest man revealed he will not buy Manchester United as the club have "lost the plot". 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As well as growing up a Manchester United fan, he has made expeditions to the North and South Poles and also spent three months on a motorbike trek across South Africa. An ardent United supporter in his childhood, Ratcliffe is worth over £21 billion and was also interested in buying Chelsea earlier this year. But the billionaire has underlined why he has no interest whatsoever in taking over at United anytime soon – slamming their decision to appoint Ole Gunnar Solskjaer as permanent manager. After attending Beverley Grammar School, Ratcliffe graduated from the University of Birmingham with a degree in chemical engineering. Ratcliffe has been called secretive and reclusive and according to the Financial Times has been given some nefarious nicknames by rivals and staff. The 66-year-old completed a takeover of cycling giant Team Sky on Tuesday – and the Blues could be hi… Bridge over troubled waters Britain's richest man Jim Ratcliffe given green light to complete football club takeover Billionaire Jim Ratcliffe has been linked with takeovers of Chelsea and Manchester United … Petrochemicals billionaire Sir Jim Ratcliffe is reportedly interested in buying Manchester United from The Glazer family. Ratcliffe who has been supporting United from his childhood days is worth more than £21billion. Jim Ratcliffe's Ineos completed its protracted takeover of Nice on Monday with the English petrochemical billionaire pledging investment to establish the … Ratcliffe had properties in Chelsea and Hampshire before quitting the country for the French riviera. 3 June 2018 – via www.thetimes.co.uk. Britain's richest man has not ruled out buying Chelsea Football Club after admitting he did have a tour of their training ground last year. 25 January 2020. Ratcliffe is also said to have completed the London Marathon in 2007. They have the lost plot there somehow.”. Sir Jim Ratcliffe is reportedly considering approaching Roman Abramovich with a takeover bid for Chelsea in the near future ... he grew up as a Manchester United fan. Britain's wealthiest man Sir Jim Ratcliffe is still interested in buying Chelsea but his valuation is vastly below that of owner Roman Abramovich.. Sportsmail broke the news of Ratcliffe… Jim Ratcliffe who is Britain's richest man is reportedly interested in taking over Manchester United from the Glazer. His other toys include FOUR private jets and a fleet of cars - although it's not known which cars he has. For other inquiries, Contact Us. Try to do it more grass roots, trying to locate young talent.”. View our online Press Pack. However, he quit the UK last year, moving to tax haven Monaco. Ineos, which employs around 19,000 people across the globe, makes fuels and lubricants, food packaging and construction materials that are a huge part of everyday life. The company used high-yield debt to finance deals, buying unwanted operations from bigger firms such as ISI and BP. He told the Times: "They are in quite a big pickle as a business. So, who is the 67-year-old slamming the world's biggest club? zero interest in taking over the Red Devils as a future. Ratcliffe, a Manchester United fan, has been mentioned as a possible future owner of Chelsea, if Russian tycoon Roman Abramovich ever sells the Premier League club. Submit . It also supplies natural gas to homes and produces plastics, acids and polystyrene. Sheffield United v Manchester United Sir Jim Ratcliffe has explored moves for English teams in the past and is a Red Devils supporter, but instead invested in Ligue 1 outfit Nice It is only in the last 12 months that he has become a more publicly known figure - his wealth rose by an astonishing £15bn in 2018. "Equally, cycling continues to mushroom for the general public as it is seen to be good for fitness and health, together with easing congestion and pollution in city environments. The 66-year-old completed a takeover of cycling giant Team Sky in March, wh… "They haven't got the manager selection right, haven't bought well. Sir Jim Ratcliffe, a boyhood Red Devils fan, is worth a whopping £20billion thanks to his multi-national chemicals company, Ineos. Jim Ratcliffe has reportedly tried to buy Chelsea from Roman Abramovich (Photo by Jeff J Mitchell/Getty Images) ... Ratcliffe is a season-ticket holder at Stamford Bridge, however is believed to be a Manchester United supporter, but holds a keen interest in sport in general. Sir Jim Ratcliffe has held talks with Premier League clubs (Image: PA). The boyhood Manchester United fan linked with buying Chelsea from Roman Abramovich Petrochemicals billionaire Jim Ratcliffe is interested in buying Chelsea from Roman Abramovich. Britain's richest man Sir Jim Ratcliffe has outlined the reasons why he won't buy Manchester United as he believes the club have 'lost the plot' after poor investments on … Britain's wealthiest man Sir Jim Ratcliffe is still interested in buying Chelsea but his valuation is vastly below that of owner Roman Abramovich.. Sportsmail broke the news of Ratcliffe… Multi-billionaire Manchester United fan Jim Ratcliffe has completed his takeover of Nice, as he continues to step up his interest in European football ownership.. Sheffield United v Manchester United Sir Jim Ratcliffe has explored moves for English teams in the past and is a Red Devils supporter, but instead invested in Ligue 1 outfit Nice Jim Ratcliffe who is Britain's richest man enquired about taking over Manchester United, reports claim. Ratcliffe admitted last year that despite having a Chelsea season ticket for many years, he is actually a Manchester United fan. Sir Jim Ratcliffe's Ineos has partnered with Sir Ben Ainslie (left) in Britain's America's Cup sailing team. Ratcliffe, who is a vocal supporter of fracking, was married to Amanda Townson in 1985, before divorcing in 1995 - the couple had two sons. THE billionaire businessman linked with a sensational £2billion bid to buy Chelsea has admitted he is really a Manchester United fan. Sir Jim has always been a huge fan of sport and physical activity. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. 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