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| AFP Yonhap News |
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| ReutersYonhap News |
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The total assets of Manchester United co-owner Jim Ratcliffe Ineos have decreased by 25%, the BBC reported on the 17th (Korea time).
Chairman Ratcliffe, one of the four richest men in the UK, reportedly had his total assets reduced from 23.519 billion pounds (about 43.7053 trillion won) to 17.46 billion pounds (about 31.6765 trillion won). It is analyzed that Ineos, a petrochemical company he owns, has been under financial pressure due to the recent decline in its energy business in Europe, which has been affected by a drop in its stock price. Ineos ended its sponsorship contract with New Zealand's rugby team early in February and is revealing its financial crisis by withdrawing from sponsoring the yacht team. The BBC wrote 'Ratcliffe, who was previously fourth, fell to seventh place in the UK's richest ranking.
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| APYonhap News |
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Chairman Ratcliffe acquired a 27.7% stake in Manchester United for 1.25 billion pounds (about 2.3233 trillion won) in February last year and acquired joint owner status with the Glazer family. Chairman Ratcliffe actively reinforced the front and squad after the club's acquisition, and received great support from Manchester United fans, including the improvement of training ground facilities and the disclosure of an aging Old Trafford remodeling blueprint. However, he later began to tighten his belt, firing a large number of front-office employees and raising tickets and parking fees for home games to cut costs. In the end, opposition to Chairman Ratcliffe's system is spreading, with Manchester United fans taking to the streets ahead of the home game.
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| AFP Yonhap News |
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Chairman Ratcliffe told the BBC in March that `Inios is not as booming as it was three to four years ago. Currently, energy prices in Europe are five times higher than in the United States. Most of the competitors are concentrated in the United States, and Europe has become a very difficult place for energy companies to do business." However, `The crisis in Ineos will not affect Manchester United,' he said, stressing that `If Manchester United had not made unpopular decisions (such as firing employees and raising ticket prices), Manchester United would have run out of coffers by the end of this year.'
This article was translated by Naver AI translator.
