Here’s Why $61 Billion Worth Industrial Chemicals Firm Wants to Invest in Manchester United

One of the most iconic soccer clubs in the world, Manchester United, is up for sale. United fans have been calling out the owners to sell the club. Fans aren’t happy with the kind of progress the club has made since 2013. The pressure on the Glazers has increased since they became a prominent part of the breakaway European Super League.

Despite being placed fourth in the Deloitte Money League, the club is incurring losses, and the Glazers haven’t taken any money out from the club as a dividend. The moment the news of the sale of the club came, there were many suitors interested in the complete takeover. One such interested suitor is INEOS, a $60 billion worth of company. 

INEOS majority owner is a big fan of Manchester United

INEOS (INspec Ethylene Oxide and Specialities) is a chemical company that produces raw materials for plastic, paint, food, medicine, and many more. Sir Jim Ratcliffe, the majority owner of the company, is a big fan of the United. Ratcliffe last year unsuccessfully tried to purchase Chelsea lately. He has approached the Glazers and has his focus on the purchase of United. 

There are several reasons behind the intent of Ratcliffe to purchase the Premier League giants. United, being the iconic club, will bring positive PR for the company. Also, Ratcliffe, who owns the French club OGC Nice and has a partnership with the Mercedes-AMG F1 team, wants to have a multi-team model. 

The British tycoon wants to create an interconnected web of athletes, coaches, and experts who assist and share information to help one another. It will help the INEOS’ teams raise their performance and win silverware. The multi-club model is growing in soccer. However, Ratcliffe will have the added advantage of experts from different fields helping each other. 

INEOS has investments in soccer, cycling, and F1. The company will benefit from adding United to its sports portfolio. On the other hand, the club can benefit from having an owner who is a boyhood fan and has a unique approach. Only time will tell whether Ratcliffe is successful in his bid to buy the United or not. 

Ratcliffe thinks soccer is the most popular sport

Ratcliffe thinks soccer is the most popular sport in the world. It’s the one sport that is closest to him and many others, in his opinion. The British billionaire wants a club from the most popular league in the world under his wings. 

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Manchester United provides him with a great asset if he successfully buys the club in the future. He is a boyhood United fan; the club is a huge brand, and despite struggling for the silverware has made it to the top four in Deloitte’s Money League. 

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Ratcliffe wants a Premier League asset and has already held talks with the Glazers. Only time will tell whether his wish is fulfilled or not. Let us know in the comments your thoughts on INEOS’ bid for Manchester United.