JAKARTA - The owner of Manchester United's minority, Sir Jim Radcliffe, has seen his fortune drop by 6.473 billion pounds (8.6 billion US dollars) in the last 12 months.
The wealth report was released by the Sunday Times on the latest List of Richest People.
The decline represents about a quarter of Ratcliffe's total fortune, which fell from 23.519 billion pounds (USD 31 billion) to 17.046 billion pounds (USD 22.5 billion).
The 72-year-old business figure has overseen Manchester United's football operations since he bought 27.7 percent of the shares in February 2024.
Even so, the journey was not smooth because the Red Devils had the worst Premier League season in history this season.
Ratcliffe has invested more than 300 million pounds (398 million US dollars) into Manchester United.
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The British billionaire has led to significant changes at Manchester United covering hundreds of staff layoffs, widespread cost cuts, ticket price increases, and plans for a new stadium with a capacity of 100,000 seats.
According to The Guardian, Ratcliffe's petrochemical business has borne a debt that amounts five to six times larger than the company's annual revenue.
Manchester United's stringent financial steps have led Manager Ruben Amorim to pay 30 of his staff to take their families to the Europa League final next week in Bilbao, Spain, after being told by the club that coaches, physiotherapists, and their support teams must pay for their own tickets.
ManchesterUnited will face Tottenham Hotspur in Bilbao on May 22, 2025, early morning WIB, with a championship prize in the form of a Europa League glory with a place in the Champions League next season.
Ratcliffe, who previously top the list of the richest people in England, dropped to seventh this year.
Meanwhile, golfer Rory McIlroy - who is the richest athlete on the list - is in 19th position with a net worth of 260 million pounds (345 million US dollars).
The richest English footballer was Harry Kane, who increased his net worth of 25 million pounds to 100 million pounds (132 million US dollars).
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