Erik ten Hag insists he would not have accepted the Manchester United manager's role if the structure at the club was not right.
15.10.2023 - 19:23 / manchestereveningnews.co.uk
After nine months of negotiations, Sir Jim Ratcliffe is on the brink of becoming a minority shareholder at Manchester United.
A gruelling takeover process finally looks set to be given clarity when Old Trafford chiefs vote on his proposed 25 per cent buyout. It is expected that, if successful, Ratcliffe could acquire more shares in the coming years and finally dethrone the Glazers. But what forms the backbone of his extraordinary wealth?
The Sunday Times Rich List ranked Ratcliffe as the second wealthiest man in Britain earlier this year, with mouth-watering assets worth £29.3billion. This would place him as the second-richest owner in the Premier League should he one day fully own United.
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Ineos are the company which harbours most of the 70-year-old’s wealth. MEN Sport have profiled the business ahead of Ratcliffe’s potential acquisition.
Based in London, Ineos are a private limited multinational chemicals company founded by Ratcliffe in 1998. The proposed co-owner owns approximately two-thirds of the business, which was set up with the intention of taking over BP’s chemicals arm.
Ineos have their toes in markets such as fuels and lubricants, packaging and food, construction, transport and textiles. As a multinational company, Ineos exert influence across the United States, China, the UK, France, Germany and other European countries.
In the ensuing decades, Ineos has developed into the fourth-largest chemical company in the world. Philanthropic efforts in recent years include a £100m donation to Oxford University for a new research institute and an increase in hand sanitiser development during the
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