All you need to know about Manchester United’s new minority share holder, Sir Jim Ratcliffe
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Manchester United have confirmed British billionaire Sir Jim Ratcliffe as the club’s minority share holder following a 25% stake acquisition.
Sir Jim Ratcliffe was born in Failsworth, Greater Manchester, and is a boyhood United fan.
Throughout his career, Sir Jim has built a reputation as an uncompromising negotiator. He was once called Dr No by trade unions.
Here are some interesting facts about the British billionaire.
In 1989, Sir Jim joined Advent International in what would be a fortune-changing career move.At Advent Internations, learned the intricacies of the business world and how to pitch, how to negotiate and generally how to make deals in the business world.
He became allies with British businessman John Hollowood to purchase bought BP’s chemicals division in Hythe near Southampton for £40m in 1992. Two years after their joint acquisition of Inspec, the valued of the firm sky-rocketed to a whopping £100m when it listed on the London Stock Exchange.
After the success of Insec, Sir Jim moved on to pastures anew, forming Ineos in 1998 which bought the Belgian business for £89m.
Chemistry and business domination
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