Britain's Richest Man Enters Premier League Club Ownership
Ratcliffe’s Shift from Sailing & Cycling to Football: The Manchester Leap
Britain's Richest Man Enters Premier League Club Ownership
Ratcliffe’s Shift from Sailing & Cycling to Football: The Manchester Leap
Britain's Richest Man Enters Premier League Club Ownership
Ratcliffe’s Shift from Sailing & Cycling to Football: The Manchester Leap
Sir Jim Ratcliffe, Britain's richest man and owner of INEOS Group, is no new player in the realm of business ventures and sports franchises. He has made headlines in various arenas ranging from sailing to cycling. A frequent presence in Mallorca, this esteemed entrepreneur owns a sailing and cycling team, a yacht, and even a home in the region. Now, the island could potentially add Manchester United as a new connection to Ratcliffe.
Ratcliffe's Conquest of the Waves and Tracks
When we talk about Ratcliffe's sailing and cycling teams, these are not mere hobbyist ventures. Sir Jim owns INEOS Team UK, a preeminent sailing team vying for the America's Cup. This team operates from their base in Porto Pi, often choosing the Bay of Palma as their training waters.
Besides showing his passion on open waters, Ratcliffe has made his way to the streets of cycling. He acquired Team Sky cycling franchise and rebranded it as Team INEOS in 2019, with the team training on the island of Mallorca during the colder months. The presence of this prestigious cycling team has been an economic boon for the local community, keeping hotels thriving even during the off-peak season.
Luxury on the Mediterranean: The Hampshire II Yacht
One cannot discuss Ratcliffe without mentioning his remarkable vessel - the Hampshire II. This yacht, estimated at a whopping 150 million dollars, often graces the Balearic waters during the summer. Owners and guests on this ludicrously luxurious yacht get to enjoy unsurpassable features like a beach club, a helicopter deck, and a unique deck that can become a ball games playground. For the thrill-seekers, the yacht even offers an exciting zip-line adventure from the crow's nest to the azure sea.
Sir Jim's presence in Mallorca isn't limited only to the ports and the roads. He owns a home on the island, although the exact location of this real estate remains a well-guarded secret.
A Bold New Move: 25% Stake in Manchester United
In a recent development, Mallorca might have to thank Sir Jim for another significant business move. He is reportedly close to acquiring a 25 percent stake in Manchester United. This acquisition would not only add another feather to Ratcliffe's cap of ventures but also strengthen his connections with Mallorca, particularly if the team decides to train or play in this sun-drenched island.
Joining the Red Devils: INEOS and Manchester United
This 25 percent acquisition represents more than just another business investment for Ratcliffe. It indicates his growing association with the club, potentially influencing the team's future dynamics. The details of this stake purchase are not public yet. Still, given Ratcliffe's track record in sports franchising, it promises to be an exciting venture, bringing new opportunities for both Manchester United and INEOS.
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