The worth of Sir Jim Ratcliffe's liquid assets has been confirmed. On Christmas Eve, Manchester United announced that the 71-year-old reached an agreement with the Glazer Family to acquire a 25 per cent stake in the club, subject to Premier League ratification.
In an official statement, Ratcliffe vowed to 'provide funds intended to enable future investment into Old Trafford'. The INEOS chairman also insisted that he aims to take United back to the 'the very top of English, European and world football'.
In order to fulfil such ambitious plans, Ratcliffe will have to fork out millions, upon millions of great British pounds to fund a seismic rebuild – on and off the pitch. READ MORE: Manchester United handed huge injury update that could swing Premier League top four race READ MORE: Manchester United plan Jadon Sancho transfer repeat despite Gary Neville request to save millions Luckily for United supporters, the British billionaire isn't short of cash – and he seems prepared to spend it too ahead of what could be a pivotal next couple of months.
As filed on the U.S Securities and Exchange Commission, a Manchester United plc tender offer statement was uploaded on February 12, 2024, detailing Ratcliffe's deal.