Ratcliffe's INEOS wants to buy 25 per cent of Manchester United - but how rich is he?
It was my birthday last Tuesday. I received a new radio from my wife and a jacket from my parents. Well, when I say “from”, what I really mean is I bought them, then told my wife and parents what they had got me. It is just easier that way. It was Sir Jim Ratcliffe’s birthday last week, and it looks like , too. When you know what you really want, why risk it? Advertisement Doing it that way must also take a lot of pressure off his family and friends.
, we can see the two groups of companies that make chemicals and plastics did very well in 2022, with combined revenues of £35billion and profits of £3.5bn. Only investors can see the numbers for the third main group of businesses, -related wealth they can actually see, as opposed to the newer, even more volatile and less transparent parts of the business they cannot? It might just be a coincidence but a section of a book published this summer to mark the company’s 25th anniversary, , was written by Times Radio business presenter Dominic O’Connell, who was formerly business editor at The Sunday Times. He credits
was only interested in the shares owned by the Glazers, or enough of them to give it a majority, as this was the cheapest and quickest way to gain control of the club, even if it meant leaving the deeply unpopular Glazers still with a seat at the table.
has borrowed money on 47 different occasions. Secured bonds, term loans, project finance facilities, has gone to the bond market 15 times in the past five years alone, borrowing £13billion. Its net debt is estimated to be nearly £14bn. Apologies for getting a bit technical here, but this gives in Europe, but the company remains confident the plant, which is designed to be the greenest ethylene manufacturing site on the continent, will go ahead. The point for United fans is that
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