Meet Britain’s richest man Sir Jim Ratcliffe, who needs to purchase Man Utd, owns Good and is nicknamed Bond villain Dr No – The US Solar

BRITAIN’S richest man Sir Jim Ratcliffe – price a staggering £15billion- is plotting to purchase Manchester United.

The billionaire businessman needs in after the Glazer household put the membership up on the market – so long as it is for the best worth.

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Britain’s richest man, Sir Jim Ratcliffe, needs to purchase Man UtdCredit score: Getty – Contributor

United introduced on Monday that the Glazers had been “seeking to discover strategic options” for the membership.

Ratcliffe, 70, is a lifelong Pink Devils fan and it was revealed in the summertime he was desirous about taking up the membership.

A spokesperson mentioned: “If the membership is on the market, Jim is certainly a possible purchaser.

“If one thing like this was potential, we’d be desirous about speaking with a view to long-term possession.

“This isn’t in regards to the cash that has been spent or not spent. Jim is taking a look at what might be accomplished now and, figuring out how vital the membership is to the town, it feels just like the time is true for a reset.”

Again in April, Ratcliffe put in a proposal for Chelsea after talking with former Blues chairman Bruce Buck, when sanctions positioned on Roman Abramovich triggered a hearth sale.

Ratcliffe is a petrochemicals tycoon who at his peak was price round £21BILLION.

He runs multi-billion-pound chemical substances big Ineos, which owns French membership Good, Swiss aspect Lausanne, plus a 3rd of Components One staff Mercedes.

Talking in October about taking up United, he mentioned: “If it had been on the market in the summertime, sure, we’d in all probability have had a go, following on from the Chelsea factor.

“However we will not sit round hoping that someday United will grow to be obtainable.”

Now United IS obtainable, and billionaire businessman Ratcliffe is able to negotiate a possible takeover.

GROWING-UP

  Ratcliffe was born in Failsworth, Lancashire

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Ratcliffe was born in Failsworth, LancashireCredit score: AFP or licensors

Ratcliffe was born in Failsworth, Lancashire, a commuter city simply outdoors of Manchester.

His father was a joiner and his mom labored in accounts, with the household residing in a council home till the age of ten, earlier than finally transferring to Hull, Yorkshire.

His father later ran a manufacturing unit making lab furnishings.

Ratcliffe beforehand admitted that regardless of having a Chelsea season ticket for a few years, he’s really a Manchester United fan.

He mentioned: “I’m a season ticket holder at Chelsea, have been for years, though I am a Manchester United fan actually.

“Or was!”

After attending Beverley Grammar Faculty, Ratcliffe graduated from the College of Birmingham with a level in chemical engineering.

He additionally attended the London Enterprise Faculty, learning administration accounting and graduating in 1980.

CAREER

  Back in 2019, Ratcliffe forked out £91m to buy Nice

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Again in 2019, Ratcliffe forked out £91m to purchase GoodCredit score: Jamie McPhilimey – The Solar

Ratcliffe’s first job was with oil agency Esso, earlier than transferring to American personal fairness group Creation Worldwide in 1989.

He solely turned an entrepreneur at 40, as co-founder of INSPEC after which in 1998 forming Ineos in Hampshire, shopping for out his companions.

The corporate used high-yield debt to finance offers, shopping for undesirable operations from larger companies similar to ISI and BP.

In 2006, Ineos purchased BP’s refining and petrochemical arm Innovene, giving the corporate refineries in 5 European international locations and Canada.

Ineos left the UK in 2010, transferring their head workplace from Hampshire to Rolle, Switzerland.

The transfer is claimed to have saved Ratcliffe and his agency round £100million yearly due to lesser tax.

We might have a look at companies that had been retro or unsexy… We might run them a bit higher, cut back the prices, make them busy, and over the cycle they’re very worthwhile

Sir Jim Ratcliffe on how his firm made their billions

He did return in 2015, nonetheless, placing the chemical substances and vitality department of Ineos in Knightsbridge, London, saying he was “very cheerful” about being again within the UK and untroubled by Brexit.

In truth, Ratcliffe had voted for Brexit.

Nonetheless, he left the UK in 2018, transferring to tax haven Monaco.

The identical yr, the Sunday Instances named Ratcliffe as Britain’s Richest Man, with a private wealth of £21.05bn.

Ineos, which employs round 19,000 individuals throughout the globe, makes fuels and lubricants, meals packaging and building supplies which are an enormous a part of on a regular basis life.

It additionally provides pure fuel to properties and produces plastics, acids and polystyrene.

In 2018, Ineos had a turnover of £45bn and is valued at £35bn.

He beforehand revealed to The Instances how he made his cash, saying: “We might have a look at companies that had been retro or unsexy, amenities owned by massive companies the place you’d know they’d be sloppy with the fastened prices.

“We might run them a bit higher, cut back the prices, make them busy, and over the cycle they’re very worthwhile.”

Ratcliffe has been known as secretive and reclusive and based on the Monetary Instances has been given some nefarious nicknames by rivals and workers.

They reported he has been known as JR after the scheming oil tycoon from Eighties hit present Dallas, in addition to Dr No – after the Bond villain/mad scientist.

  Ratcliffe's company, Ineos, produces a range of plastics, lubricants and products used in everyday life - such as bottle tops and toothpaste

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Ratcliffe’s firm, Ineos, produces a spread of plastics, lubricants and merchandise utilized in on a regular basis life – similar to bottle tops and toothpasteCredit score: Reuters
  Ratcliffe is a supporter of controversial drilling process fracking

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Ratcliffe is a supporter of controversial drilling course of frackingCredit score: PA:Press Affiliation

PERSONAL LIFE

Ratcliffe, who’s a vocal supporter of fracking, was married to Amanda Townson in 1985, earlier than divorcing in 1995 – the couple had two sons.

He additionally has a daughter from his second spouse, Alicia, whom he married within the late Nineteen Nineties.

Ratcliffe had properties in Chelsea and Hampshire earlier than leaving the nation for the French Riviera.

His transfer to the tax haven, the place he already had a property, saved him round £4BILLION in tax.

Ratcliffe was additionally made a Knight Bachelor within the 2018 Birthday Honors record for companies to enterprise and funding.

He has owned two massive super-yachts, the Hampshire, which he offered in 2011 to take order of the Hampshire II, which he nonetheless owns.

The Hampshire II value £130million is 257ft 6in and may home 14 visitors and 23 crew.

It options six massive cabins, has a swimming pool on one of many decks, a helipad, Jacuzzi, sauna, cinema and seashore membership.

The helipad may even be remodeled right into a particular sports activities space match for tennis, badminton, basketball, baseball or soccer.

His different toys embrace FOUR personal jets and a fleet of vehicles – though it isn’t recognized which vehicles he has.

Nonetheless, he’s a recognized lover of Land Rover Defenders and has financed his personal line of vehicles to rival his favourite 4×4.

The Ineos Projekt Grenadier begins at £55,000.

  Ratcliffe is a lover of sports and the outdoors - and financed a new 4x4 to replace the Land Rover Defender

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Ratcliffe is a lover of sports activities and the outside – and financed a brand new 4×4 to switch the Land Rover DefenderCredit score: Jon Bond – The Solar
  The billionaire's super-yacht, the Hampshire II, cost £130m and includes a swimming pool, helipad and room for 14 guests

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The billionaire’s super-yacht, the Hampshire II, value £130m and features a swimming pool, helipad and room for 14 visitorsCredit score: YouTube/Feadship

SPORTS

Sir Jim has all the time been an enormous fan of sport and bodily exercise.

In addition to rising up a Manchester United fan, he has made expeditions to the North and South Poles and likewise spent three months on a bike trek throughout South Africa.

Ratcliffe can be mentioned to have accomplished the London Marathon in 2007.

Earlier than his curiosity in shopping for Man Utd, Ratcliffe and Ineos had already purchased one other soccer staff: Swiss aspect FC Lausanne-Sport.

He accomplished the acquisition of the staff in November 2017, with the membership sitting fifth within the Swiss Tremendous League.

Nonetheless, The Blue and Whites had been RELEGATED in his first season on the helm, dropping all the way down to the Problem League.

The membership are at present fourth within the desk.

Ineos then paid £91million to take over French Ligue 1 aspect Good in 2019.

Elsewhere, Ratcliffe accomplished a transfer for biking outfit Crew Sky – and turned them into Crew Ineos.

He mentioned: “Biking is a good endurance and tactical sport that’s gaining ever extra reputation world wide.

“Equally, biking continues to mushroom for most people as it’s seen to be good for health and well being, along with easing congestion and air pollution in metropolis environments.

“Ineos is delighted to tackle the duty of working such knowledgeable staff.”

In 2018, Ratcliffe teamed with Olympic hero Sir Ben Ainslie to kind Ineos Crew UK, they usually competed for the America’s Cup from 2021.

It’s believed he spent greater than £110million on the undertaking.

Clearly, with cash to burn, Man Utd followers shall be getting excited on the prospect of Ratcliffe backing their membership.

  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

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Ratcliffe is a eager sailor and teamed with Olympic hero Sir Ben Ainslie to kind Ineos Crew UK – the billionaire has already spent £110m on the undertakingCredit score: Getty Pictures – Getty

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