Sir Jim Ratcliffe knows how to turn around a struggling industrials business. The British billionaire, now in charge of sporting operations at footballing giant Manchester United, made his name and fortune buying and rejuvenating underperforming chemicals businesses over more than two decades. But does he know how to turn around a struggling football club? The evidence increasingly suggests not.
In the three years to 2024, United made losses totalling more than £300mn, making them the second most lossmaking club in the English Premier League after Chelsea — a remarkable reversal from a decade earlier.
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