Bloomberg reported that Sir Jim Ratcliffe will use his personal money to invest in Man Utd.
Sir Jim Ratcliffe is about to buy back 25% of Man Utd’s shares, equivalent to more than 1.3 billion pounds. A breakthrough for the British billionaire when his main rival in the race to take over Man Utd, Sheikh Jassim Bin Hamad Al Thani, announced his withdrawal.
Recently, Bloomberg revealed some detailed information about the source of money Ratcliffe will use to invest in the club. British businessman Jim Ratcliffe’s INEOS group has reassured creditors that he will not use companies in his chemical empire to fund a share offer, the magazine said. at Man Utd”.
Specifically, INEOS Quattro executives told creditors on Monday that the money pouring into the team will not come from the group. “People with knowledge of the matter said he would use his personal assets for any transaction,” the report added.
It is expected that in the near future, if the takeover process of Man Utd is completed, CEO Richard Arnold will resign and Ratcliffe will appoint a new character.