Manchester United owner Jim Ratcliffe loses a quarter of his fortune

Jim Ratcliffe, co-owner of Manchester United and owner of OGC Nice, has lost a quarter of his wealth over the past year, according to the Sunday Times billionaires list.

Ratcliffe, 72, has seen his fortune fall from £23.519 billion (€27.90 billion) to £17.046 billion (€20.24 billion), dropping him from fourth to seventh place on the list of the UK's richest people.

Ratcliffe, owner of the chemical company INEOS, one of the world's largest, bought 27.7% of Man.United's shares in December 2023, in a deal worth 1.25 billion pounds (1.48 billion euros) and, since then, has implemented a policy of cuts within the club to stop the financial drain, with losses in the last five years and the alleged threat of bankruptcy this year.

To mitigate this, Man.United has laid off more than 400 staff last year, increased ticket prices at Old Trafford, stripped employees of their right to eat at the club and removed their all-expenses-paid travel bonus to the team's finals.

Despite this, the club spent around £15 million on Erik Ten Hag's termination payment and the cost of hiring Dan Ashworth as sporting director for six months.

Happening now...

12:00 HAPPENING NOW

EMRAT/ Plagosja me armë në Mamurras, autorë dyshohen dy 18-vjeçarë

11:49 POLITICS

Nis seanca për Ballukun në GJKKO, zv.kryeministrja nuk paraqitet! Gazetarja: Vendimi i sotëm mund të vendosë një precedent të ri

11:31 POLITICS

"Ergys Agasi, a terrorist who took two people hostage", Berisha: Edi Rama's most intimate man is living peacefully and with state protection

11:30 SPORT

Shmangu turpërimin e Realit në Kupën e Mbretit, Mbape lumturon 3 tifozë të vegjël në fushën e blertë

11:19 POLITICS

After 1 hour of chaos in the Assembly, Berisha speaks after leaving the hall: Rama has decided to release Belinda Balluku

11:17 POLITICS

FOTO-LAJM/ Ujë, flakadanë dhe përplasje të dhunshme... Çfarë nuk u pa nga seanca e tensionuar sot në Kuvend?

11:06 POLITICS

Balluku akuzohet për shkelje të tenderave të Llogarasë dhe lotet e Unazës së Madhe, opozita i rrëzon karrigen dhe i djegin foton

11:03 POLITICS

Vokshi lights the fire, but is stopped by the guards/ The height of tensions in the Parliament! The media transmission fibers burst into flames

10:56 POLITICS

Distanced from Salianji?/ Grida Duma: Neither Edvin nor Ervin dare to tarnish my name! The DP must eliminate '2.0 pulpits'

10:55 POLITICS

Demokratët rrëzojnë karrigen e Belinda Ballukut, Klevis Balliu dhe Flamur Noka përjashtohen nga seanca

10:40 POLITICS

Endri Shabani takes the oath, thanks the SP and "gives a kiss" to the DP!

10:32 POLITICS

"Bring the thieves here"/ Screams and chaos in the Parliament, DP deputies light flares

10:23 POLITICS

VIDEO/ Incident and chaos in the Parliament, Klevis Balliu tries to climb on the table but falls on Albana Vokshi

10:12 POLITICS

Tensions in the Parliament, DP MPs occupy ministers' seats in the hall

Want to read more news