The United Kingdom are now part of the buying club, with Ineos, the business of Sir Jim Ratcliffe, joining the group. The buying club is a consortium of businesses which aim to benefit from group purchasing power and better prices on goods and services. Ineos has a large presence in both energy and chemicals production across Europe. Now, by joining the buying club, they have access to cost savings on millions of pounds worth of products and services for their operations. This can provide an immediate boost for their bottom line – something that is always welcome in these uncertain times.
Sir Jim Ratcliffe: Who is the man who wants to buy Man Utd?
In 2018, Forbes magazine named Sir Jim Ratcliffe the richest man in the United Kingdom, with an estimated net worth of £21.05 billion. The following year, he was knighted for his services to business and investment. So who is this man who now wants to buy Manchester United?
Jim Ratcliffe was born in 1952 in Failsworth, Lancashire. He attended Manchester Grammar School before going on to study chemical engineering at the University of Southampton. After a brief spell working in the oil industry, he co-founded Ineos in 1998. The company has since grown to become one of the world’s largest chemicals manufacturers, with a turnover of $60 billion and over 20,000 employees.
Ineos is headquartered in Switzerland, but most of its operations are based in the UK. The company has a large presence in the North West of England, where it owns and operates several major petrochemical plants. Ineos also owns two football clubs: FC Lausanne-Sport in Switzerland and Glasgow Rangers in Scotland.
So what would Jim Ratcliffe’s motives be for buying Manchester United? It’s possible that he sees it as a good investment; after all, United is one of the world’s most valuable sports franchises. There have been rumours that Ineos is interested in buying other English football clubs, including Chelsea and Everton. However, it’s also possible that Ratcliffe simply wants to own one of Britain’s biggest and
A look at the potential bidders for Manchester United
As we all know, the Glazer family has been trying to sell Manchester United for quite some time now. The current owners of the club have been at the helm for over a decade, and with the team’s recent performances, it seems like a good time to cash out. There have been many potential bidders for the club, but so far, no one has been able to meet the Glazers’ asking price. However, that may change soon, as Ineos, the business of Sir Jim Ratcliffe, has officially joined the buying club.
Ineos is one of the largest chemical companies in the world, and Ratcliffe is one of the richest men in Britain. So there’s no doubt that they have the money to buy Manchester United. But will they actually make an offer? That remains to be seen. However, if they do submit an offer, it will likely be significantly higher than any other bid that has been made so far. So it’s definitely a possibility that Ineos could become the new owner of Manchester United.
Man Utd up for sale: What happens now?
Man Utd up for sale: What happens now?
The board of directors of Manchester United plc has announced that the club is up for sale. The news sent shockwaves through the football world, with many wondering what this could mean for the future of one of the most storied clubs in England.
So, what happens now that Man Utd is officially on the market? Here’s a look at what we know so far:
The first thing to note is that there is no set asking price for the club. However, it is believed that the board is seeking bids in excess of £2 billion (US$2.7 billion). This would make Man Utd one of the most expensive sports teams ever sold.
The second thing to consider is who might be interested in buying such a high-profile club. While there are sure to be plenty of wealthy individuals and investment firms who would be intrigued by the prospect, it’s also possible that a foreign government or conglomerate could make a play for the team.
In any case, it will likely take some time for a sale to be finalized. The board has said that they will “engage with interested parties in due course” and start a formal process to sell the club. So, stay tuned for more updates on this developing story.