Ratcliffe wants to buy Manchester United, after a failed move for Chelsea
Editor’s note: This piece was first published on May 5 2022. It has been updated following confirmation Sir Jim Ratcliffe, the British billionaire and chief executive of Ineos, He is the son of a joiner who grew up in a council house in Oldham but now splits his time between mansions and luxury flats.
Advertisement Should this surprise us, though? He is hardly the first wealthy Brit to move to somewhere with a less onerous tax regime, and he was previously one of HM Revenue and Customs’ biggest individual benefactors. Ineos owns 194 sites in 26 countries, employing 26,000 people. It has a turnover of almost £50 billion and made almost £1.7 billion in profit last year. It did not achieve that by putting passports ahead of pennies. His patriotism is pragmatic.
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