Sir Jim Ratcliffe has become part owner of Manchester United as one of the UK’s richest men has bought a 25 per cent stake in the club he supported as a boy.
The billionaire has bought a share in the Old Trafford club, worth a reported £1.25billion, after Sheikh Jassim bin Hamad Al Thani withdrew his interest to end a lengthy process where he tried to buy the club outright.
The 71-year-old has a reported net worth £12.5billion thanks to the success of global chemical company Ineos, which has enjoyed exponential growth since he founded it in 1998, and will assume delegated responsibility for the club’s football operations. He will also invest an additional 300 million US dollars (£236.7million) into the club’s infrastructure.
Ratcliffe has been chairman throughout and has seen the company go from 400 employees to 26,000 and annual revenues of around £52.5bn.
Ineos has diversified its interests over the years to incorporate consumer brands and sports interests, which now includes the club Ratcliffe grew up supporting.
Born in Failsworth in 1952, a “quite deep-rooted” passion for United grew as he spent the first 10 years of his life in the Greater Manchester town.
Ratcliffe’s family eventually moved to Hull before he went onto to study chemical engineering at Birmingham University, then gain an MBA from London Business School.
He began his career at Exxon Chemicals before moving to Courtaulds and in 1992 led the buyout of Inspec Group plc, mortgaging his house to help complete that deal.
Six years on, he bought a plant in Antwerp, Belgium from Inspec for £84million and formed Ineos, which has gone onto become a chemical giant.
Ratcliffe – who received a knighthood the 2018 for services to business and investment – remains chairman of the company, which has developed a varied sporting portfolio over recent years.
Ineos Grenadiers are a leading professional cycling team and Sir Ben Ainslie-led Ineos Britannia is the Challenger of Record for the 37th America’s Cup.
The company is principal partner to the Mercedes Formula One team, performance partner to New Zealand’s rugby union teams and supported Eliud Kipchoge’s bid to run a sub-two hour marathon.
Ineos is now looking to take its football ownership to another level, having taken over Swiss Super League team FC Lausanne-Sport in 2017 and acquired Ligue 1 club Nice two years later.
In 2022, Ratcliffe saw a last-ditch £4.25bn bid for Chelsea – a club he grew a “split allegiance” for during his time in London – rejected.
“I am a season ticket holder at Chelsea,” the billionaire told the Daily Telegraph in 2018. “Have been for years, although I’m a Manchester United fan really. Or was… but it’s not getting any better (at United).
“It’s gone from bad to catastrophic. Talk about a glass half-empty.”
Things have improved on the field lately, but there is plenty of work to do away from it, which is why so many United fans are grateful that Ratcliffe has bought a stake in the club.
He said in October 2022 that he “can’t sit around hoping that one day Manchester United will become available” after Joel and Avram Glazer indicated to him that they did not want to sell.
But the following announcement that a full or partial takeover would be considered moved the goalposts, paving the way for Ratcliffe’s investment in United.
Tuchel and Bayern fume at 'absolute disaster' after contentious offside call
Thomas Tuchel and Bayern Munich were left fuming after Matthijs de Ligt's contentious late strike was disallowed in their semi-final defeat to Real Madrid.
Bayern crashed out 4-3 on aggregate at Santiago Bernabeu after a dramatic double from substitute Joselu saw the hosts snatch victory to advance to the final on June 1.
Tuchel's side thought they had forced extra-time when De Ligt had the ball in the net, but the referee had already blown his whistle after the linesman raised his flag, so VAR could not intervene.
The replays showed that the original decision was closer than first thought, and the head coach bemoaned the lack of consistency after Madrid's second goal was awarded following a VAR review.
"I think it's pretty clear and there is no doubt that is against the rules of modern football," he said. "A disaster. An absolute disaster.
"With Real's second goal, they let the play continue. The clear rule is that the scene must continue. The first mistake was made by the linesman, the second by the referee."
Bayern had taken the lead through Alphonso Davies at the midway point in the second half, before Joselu's late intervention denied them a crack at a seventh title against compatriots Borussia Dortmund at Wembley.
De Ligt said the linesman had apologised to him after the game.
"[It is] very difficult. Of course, as sportspeople, we accept it," Tuchel said. "But it is a semi-final, it's not for two such mistakes.
"Everyone has to be at their limit. The referees have to be there as well. That is what we expect, so the apology does not really help."
Super sub Joselu 'the perfect reflection of Madrid', hails Ancelotti after Bayern brace
Carlo Ancelotti saluted Joselu after the striker climbed off the bench and scored twice against Bayern Munich to send Real Madrid through to their 18th Champions League final.
Following Alphonso Davies' earlier strike at Santiago Bernabeu, Madrid trailed Bayern 1-0 on the night and 3-2 on aggregate when Joselu replaced Federico Valverde with nine minutes of their pulsating semi-final tie remaining.
The 33-year-old, who is on loan from second-tier Espanyol, turned the tie on its head with two dramatic late goals.
First, he pounced on a rare mistake by Bayern keeper Manuel Neuer to stab in an 88th-minute equaliser, before volleying home Antonio Rudiger's cross in the first minute of stoppage time.
This was Joselu's eighth substitute appearance in this season's Champions League and Ancelotti praised the professionalism of his striker, who has now netted 17 times across all competitions, despite spending much of the campaign on the bench.
"He's a player who's contributed a lot this season, even if he hasn't played many minutes," the Italian said.
"But he's the perfect reflection of what this squad is: players who contribute a lot without losing confidence [if they're not playing] and the idea that they can offer the team something."
Ancelotti, whose side will play Borussia Dortmund in his sixth Champions League final as a manager on June 1, also hailed the character demonstrated by his players during another "magical" Madrid performance.
"It's happened so many times now, it's something inexplicable," he added. "It's happened again [thanks to] fans that push [us], a fantastic atmosphere and players who never stop believing that they can do it. It's something magical, there's no explanation for it."
Journeyman Joselu takes long, winding road to Champions League final
Real Madrid striker Joselu was in dreamland after he came on in the dying moments of their Champions League semi-final against Bayern Munich on Wednesday and turned the game on its head with two goals to snatch a stunning victory.
Joselu, whose journeyman career has included spells at clubs such as Hoffenheim, Eintracht Frankfurt, Hannover 96, Stoke City and Newcastle United, only touched the ball a few times in their 2-1 second-leg win, but it was a night he is likely to remember for a long time.
He pounced on a rare mistake by Bayern keeper Manuel Neuer, stabbing the ball into the net to equalise for Madrid in the 88th minute, and just under three minutes later, he volleyed them into the lead from a cross by Antonio Rudiger.
"I don't know anything about being a hero, but I'm very happy... You can imagine," he said. "It was incredible, something spectacular. This team never gives up, it's in its blood to fight to the end and that's what we've done.
"You always dream of this kind of performance, but not even my most beautiful dreams are as big as what happened today."
On loan from second-division side Espanyol, Joselu's journey to becoming the semi-final hero has been long and winding in a career involving a dozen clubs across Europe.
He began his career at Celta Vigo before being bought in 2009 by Madrid, where he excelled in their B team but rarely made it to the first team.
He was sold to Bundesliga side Hoffenheim in 2012 and then loaned to Eintracht Frankfurt before joining Hannover 96 in 2014.
In 2015, he moved to Premier League side Stoke City, playing 27 times and scoring four goals, before spending two seasons at Newcastle United. He returned to Spain with Alaves, where he scored 36 times in three seasons.
He signed as a free agent with Espanyol in the summer of 2022, and a year later was loaned to Madrid and has scored nine goals in 32 appearances this season in LaLiga.
Joselu, born in Stuttgart, Germany, made his debut for Spain aged 33, coming off the bench against Norway to score twice in two minutes in March 2023.
"I don’t think Joselu will be sleeping much tonight, he’ll be useless in training tomorrow!" team-mate Jude Bellingham said. "He deserves it all, he’s been an amazing member of the squad all season, and it’s his night."
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