Sir Jim Ratcliffe, co-owner of Man Utd, backs Labour

Sir Jim Ratcliffe backed Labour for the next government. He said that voters had “had enough” with Rishi Sunak’s policies.

The billionaire coowner of Manchester United who controls a minor stake in the club via his chemicals empire Ineos Group has criticised the Tories and slammed a series of failed prime minsters.

Sir Jim, the second richest man in the UK, was photographed with Keir starmer at Old Trafford, last month.

In an interview with Bloomberg, he said: “The Conservatives have been in power for a long time and have put forward several prime ministers who haven’t had much success.”

“Everyone in the UK, you can now see that the mood is ready for change in the UK, they’ve been through enough.

“I have met Keir a few times and I like Keir. “I think he will do a very reasonable job.”

Sir Jim, a Brexiteer based in Monaco who was an outspoken Brexiteer, has criticized the Tories for their handling of the UK’s exit from the EU.

The entrepreneur has changed his attitude after criticizing Labour for many years.

He claimed previously that his move from London to Monaco was motivated by the fear that Jeremy Corbyn, former leader of Britain, would win in 2019.

Monaco is considered to be a tax-haven, as its residents don’t pay any income taxes or capital gains tax.

Sir Jim has also admitted in the past that Ineos moved its tax base from Britain to Switzerland after Gordon Brown refused to assist the company to defer a huge tax bill.

He claimed that the move “left him p —–“, but he has now made the UK the tax domicile of his company once more.

Sir Keir, and the Labour Party, have spent many months courting business leaders in an effort to gain support.

Sir Jim’s support is an indication that the party has persuaded City grandees to trust them with the British economy.

The chemical mogul who is worth £11.9bn also criticized Jeremy Hunt’s plans to abolish non-dom status of foreign nationals in the UK. He called it “very foolish”.

He said: “You have 60,000 wealthy people living in London. Why would you encourage them to move? It makes no sense to me because they are all so valuable.

Sir Jim founded Ineos after working for the oil industry, Advent International and the private equity firm Advent International.

Ineos, a company owned by him, bought a 25% stake in Manchester United for approximately £1 billion last December.

Ineos had the right to control the football operations of the club as part of this deal.

Ineos is heavily involved in sport. It sponsors the British Cycling Team, formerly Team Sky.

Sir Jim was knighted by Theresa May in 2018 for his services to the business world.

Post Disclaimer

The following content has been published by Stockmark.IT. All information utilised in the creation of this communication has been gathered from publicly available sources that we consider reliable. Nevertheless, we cannot guarantee the accuracy or completeness of this communication.

This communication is intended solely for informational purposes and should not be construed as an offer, recommendation, solicitation, inducement, or invitation by or on behalf of the Company or any affiliates to engage in any investment activities. The opinions and views expressed by the authors are their own and do not necessarily reflect those of the Company, its affiliates, or any other third party.

The services and products mentioned in this communication may not be suitable for all recipients, by continuing to read this website and its content you agree to the terms of this disclaimer.