Sir Jim Ratcliffe has vowed that his investment in Manchester United is to bring sporting success back to the club he supported as a boy and not for any personal financial gain.
Ratcliffe made his fortune in petrochemicals and his firm, INEOS, generates tens of billions in revenue each year. Having invested £1.3bn in purchasing a minority stake, he doesn’t intend to use United as a way to further line his own pockets, an accusation long levelled at the Glazer family after a huge amount of money has been taken out of the club during their ownership by way of dividends.
«Yes, I'm not interested in the financial aspects of this investment at all, really, because I make enough money in chemicals and oil and gas really,» Ratcliffe told .
«This is not a financial investment. It's because I'm interested in seeing Manchester United being successful again. It hasn't been successful the last 11 years, but it needs to get back to where it should be, which is at the top of the game.»
A subtle admission of the misplaced priorities under Glazer ownership was made earlier this year when United announced in January the appointment of new chief executive Omar Berrada. Included in the official statement was the line: «The club is determined to put football and performance on the pitch back at the heart of everything we do.» — the word '' is incredibly loud.
Sporting success over profiteering has been the objective at Manchester City since the day that Sheikh Mansour and Ratcliffe appears to have similar goals for a reborn United.
Also taking time to talk to external media outlets following official sign-off on his buy-in, he told the : «It's ruled by the heart. This is not a financial investment for me. If I wanted to make a financial
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