Man United co-owner Sir Jim Ratcliffe ‘loses quarter of total wealth’ | OneFootball

Sir Jim Ratcliffe’s wealth has fallen by £6.473bn - a quarter of his total fortune - according to this year’s Sunday Times Rich List.

The Manchester United co-owner and founder of Ineos has seen his wealth fall from £23.519bn 12 months ago to £17.046bn, according to the latest list.

The billionaire’s Ineos group bought a 27.7 per cent stake in United for £1.25bn in February last year and they have overseen a wave of cost-cutting measures in an attempt to improve the club’s dire finances.

United, who are 16th in the Premier League but will face 17th-placed Tottenham in the Europa League final in a bid to salvage their season, have raised ticket prices and made two rounds of redundancies from the club’s staff.

Ratcliffe has defended the club’s controversial cost-cutting, with the 72-year-old explaining that “unpopular decisions” had to be made, but United have also announced plans to build a new £2bn 100,000-seater stadium.

Meanwhile, total debut at Ineos has risen to £8.8bn, according to the Times, and has posted losses of £124.4m in the last year. Ratcliffe has previously said that financial difficulties at Ineos would not impact Manchester United.

For United, beating Tottenham in the Europa League final would offer the club a lucrative return to the Champions League despite a difficult season under Ruben Amorim.