Sir Jim Ratcliffe – boyhood fan who has bought 25 per cent of Manchester United

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.

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.

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.

“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.

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.