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2.5 trillion Evaporated After Buying Manchester United.

Sir James Ratcliffe, 72, the CEO of INEOS, has risen to be the de facto owner of Manchester United. However, the loss has turned out to be considerable.

Sir Ratcliffe agreed to buy more than 25 percent of Manchester United's stake in December, becoming a co-owner with the Glazer family. Having recently secured the necessary stake, Sir Ratcliffe has even hired Omar Verada, former COO of Manchester City, as his new CEO.

Despite Sir Ratcliffe's efforts, Manchester United has rarely improved. Manchester United, led by Erik ten Hag, has been in sixth place due to consecutive losses to Fulham and Manchester City.

In particular, Manchester United lost 1-3 despite Rashford's first goal in the match against Manchester City, leaving it 11 points behind fourth-place Aston Villa (55 points) and six points behind fifth-place Tottenham (50 points).

British media outlets such as "Mirror" and "Daily Mail" reported on the 6th (Korea time) that Sir Ratcliffe's assets fell more than 1.5 billion pounds (about 2.5 trillion won) in the process of acquiring Manchester United, citing Bloomberg's rich ranking announced on the same day.

According to the article, Sir Ratcliffe bought a 27.7 percent stake in the Manchester United team last month and took control of the team. Having spent 1.3 billion pounds on top of that, Sir Ratcliffe has seen his net worth reach 13.87 billion pounds, falling from 102nd to 110th.

Manchester United ranks second with 22 billion pounds (37.3 trillion won) in the English Premier League owners' net worth (approx. Newcastle United tops the list with 489 billion pounds (approx.

However, Sir Ratcliffe is trying hard to restore the glory of his past. The Manchester United squad believes that the leadership under Ratcliffe will replace Ten Hag for a new hierarchy after this season. This means they will not dwell on penalties.

Coach Ten Hag is also known to have told his coaching staff and agents that he cannot guarantee his future. He knows that if he fails to secure the fourth place and thus fails to qualify for the Champions League next season, he could lose his baton.

However, Ten Hag remains calm in front of the media. "I'm here and I've signed for three seasons. I don't care because of that," he said in an interview ahead of the Manchester City match.

"I'm in the process. I don't care what's going on around me because I'm just focusing on this process," he said. "I've had a lot of conversations with people in the group, including Sir Ratcliffe and Sir Dave Brailsford."

"So I know where we're talking and I feel like they have strong faith in me," he said, adding, "But I shouldn't focus on my personal situation. I'm just focusing on the team and looking for solutions to help the team do its best."
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Thursday, March 7, 2024
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