Born amidst the hustle and bustle of Failsworth, a quaint town nestled halfway between Manchester and Oldham, Sir Jim Ratcliffe's footballing roots are a heartening tale. Part of Greater Manchester until his family relocated to Hull - a hundred miles away across the English landscape - when he was only ten, Ratcliffe's affinity for football was shaped in the shadow of two great northern cities.
An undercurrent of this love came from his father, a staunch Manchester United fan, who was lucky enough to secure the family's only ticket at Wembley in 1968. A historic year, as Sir Matt Busby's team went on to become the first English side to win the European Cup.
Business and Football: An Intersect of Interests
“Our interest was in football alone, not making money,” Ratcliffe asserted, reflecting on his footballing journey. However, he lamented the path that football clubs, notably the Barcelona board, have traversed. "The road they are going down is a disaster.
We tried to point that out and they said, ‘We know, but…’. They are all short-termers because the president comes in, does it for five years and hands the mess over to someone else," he critiqued. In Ratcliffe's view, football clubs have started to lose sight of the long-term financial health in their quest for instant results.
One particularly stark example being Barcelona's recent sale of a portion of its TV and merchandising rights for the next 25 years to American hedge funds. "They’ve got this big slug of cash, which they can now… waste," Ratcliffe stated bluntly, highlighting his concern for the sport he loves.
A Prudent Pursuit: Ratcliffe’s Vision for Manchester United
Ratcliffe believes that fun, football, and finance need not be separate ventures. "(The United bid) is in that box of challenges,” he states. “I am not parsimonious but I have never liked the concept of economic failure." Having led the successful multinational chemical company, INEOS, Ratcliffe has had his fair share of investment challenges, but admits that losing money certainly tarnishes the fun.
Yet, he remains optimistic about a potential venture with Manchester United. "Looking at Manchester United, my general view is that if we invest, even if the price tag is quite high, then in 10 years’ time, not two years’ time, we would probably be in a good place.
I don’t think I am throwing my money away”. Ratcliffe's approach is one that interweaves passion for football with business acumen - a welcome perspective in a world where the two often collide. In his eyes, the union of Manchester United and Sir Jim Ratcliffe isn't just about football; it's about ushering in a new era of prudence and long-term vision in the sport.
Dwight Yorke disappointed because Manchester United did not sign one player
Garry Neville: Manchester United need Sofyan Amrabat
Manchester United signs Mason Mount for 70 million euros!
Rasmus Hojlund on Manchester United: Something will definitely happen there
Manchester United Fan Arrested for Offensive Hillsborough Tragedy Mockery
Phil Jones leaves Manchester United and sent a long message