The Sun/Manchester Evening News
24th November 2022 – (London) DAVID BECKHAM is reportedly open to holding talks with bidders about taking over at Manchester United.
And it’s been said that Sir Jim Ratcliffe, Britain’s richest man, is set to BID for Manchester United.
The Glazers confirmed on Tuesday night they are putting the club up for sale after 17 years at the helm.
It comes just one month after Ratcliffe declared his interest in the club but claimed the Glazers were not interested in selling.
The stock for Manchester United has already risen by £336million after the Glazers statement that the club is up for SALE.
The Telegraph are reporting that the 70-year-old will bid for the club just 24 hours after news broke about the Glazers’ potential exit. A statement from the family on Tuesday discussed the possibility of selling the club.
“As we seek to continue building on the club’s history of success, the board has authorised a thorough evaluation of strategic alternatives,” it read. “We will evaluate all options to ensure that we best serve our fans and that Manchester United maximises the significant growth opportunities available to the club today and in the future.
Born in Oldham in 1952, Ratcliffe – the son of a joiner – claims to be a lifelong supporter. A spokesperson hinted at his desire to buy United being motivated by love – rather than finances – back in August.
“This is not about the money that has been spent or not spent,” a close advisor said. “Jim is looking at what can be done now and, knowing how important the club is to the city, it feels like the time is right for a reset.”
However, reports also suggest that Ratcliffe is a Chelsea season ticket holder. As the chairman of chemical group Ineos, a company he founded in 1998, he is responsible for operating one of the biggest businesses of its kind in the world.
The potential United owner was knighted by the Queen for services to business and investment in 2018.
How much is he worth?
Various estimations have been made regarding Ratcliffe’s wealth. It is undisputed, however, that the figure lies in the billions.
He has, at various times in his life, been heralded as the richest man in the UK. As of 2020, Bloomberg Billionaires List valued his fortune at £23.38billion. For context, the Glazer family are believed to be worth around £4billion.
Most of his wealth is tied up with Ineos, his chemical company, which he still owns two-thirds of. Should he buy United, Radcliffe’s net worth would make him the second-richest owner in the Premier League, behind the Public Investment Fund of Saudi Arabia, who own Newcastle United.