Sir Jim Ratcliffe is bidding for Manchester United and faces competition from Qatari banker Sheikh Jassim bin Hamad Al Thani.
According to the Sunday Times Rich List (£), Sir Jim Ratcliffe is now Britain’s second richest person.
The list suggests Ratcliffe is worth an estimated £29.688 billion. The Mancunian billionaire is positioned second-place behind the Hinduja family, with a wealth of £35 billion.
Interestingly, in last year’s rich-list, Ratcliffe was estimated to be worth £6.05bn – so he has almost quintupled that amount in just 12 months.
People will still ask questions about his work at Ligue 1 side Nice, but I think it goes without saying that Ratcliffe would be more serious about United — his boyhood club.
Robert Watts, the complier of the Sunday Times Rich List, said (via Manchester Evening News): “This year we have new information about the full scale of INEOS’ profits and that has made us confident that INEOS is now worth at least £40bn. We have also learned more about the personal assets that Jim has accumulated over the past 25 years.”
This will come as welcome news to fans who had concerns that Ratcliffe would not be able to afford a takeover on top of clearing the debt, team recruitment and improving the infrastructure at Old Trafford and Carrington
Ratcliffe’s third bid for United is still being considered by Raine Group and the Glazer family.
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