Sir Jim Ratcliffe, co-owner of Manchester United, has seen his fortune drop by over 6.4 billion in a year, falling from fourth to seventh place on the Sunday Times Rich List. His wealth now stands at 17.046 billion after acquiring a significant stake in United. While focusing on improving club operations, Ratcliffe has faced backlash for raising ticket prices and making redundancies. He defended these moves, stating they were necessary for the club's financial survival. Despite facing challenges at Ineos, he assures these will not hinder the football club's future plans, including a new stadium.
Ratcliffe's wealth has declined from 23.519bn to 17.046bn in the past 12 months, slipping from fourth to seventh on the UK's richest list.
In a wide-ranging BBC interview, Ratcliffe stated that United would have "run out of cash by the end of this year" without his "unpopular" financial decisions.
Ratcliffe has defended United's financial cost-cutting measures after raising ticket prices and laying off staff, emphasizing the necessity for survival.
Despite financial difficulties within Ineos and the petrochemical sector, Ratcliffe claims these pressures will not affect Manchester United's operations.
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