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Snippet taken from an article on talksport website:
I don’t think Everton would even win the Everton cup....
Sir Jim Ratcliffe’s company INEOS considered buying several Premier League clubs, including Chelsea and Newcastle, according to the billionaire’s brother.
Chemicals firm INEOS recently completed an £88.77million takeover of Ligue 1 Nice.
Prior to that purchase, the company looked at the possibility of buying a team in England’s top flight.
GETTY - CONTRIBUTOR
1
Sir Jim Ratcliffe looked at buying a Premier League club
Ratcliffe’s brother Bob, who heads up INEOS’ football division, told BBC Radio Five Live’s Sportsweek that it was ‘pretty difficult to rationalise purchases in the Premier League at this time’.
“We’d obviously been looking at Premiership clubs as well. We spent quite a lot of time looking at Premier League clubs,” Bob Ratcliffe said.
“We looked at the valuation of Premiership clubs and £5billion in revenues for the Premier League and the top six clubs are being valued at £2billion and upwards, and £450million of net profit before tax.
“It’s pretty difficult to rationalise purchases in the Premier League at this time for us and then, if you look below the top six, they’re all £150million and above and you’re going to write a cheque for £50million and get in the ‘Everton Cup’.”
Full link here
talksport.com
I don’t think Everton would even win the Everton cup....
Sir Jim Ratcliffe’s company INEOS considered buying several Premier League clubs, including Chelsea and Newcastle, according to the billionaire’s brother.
Chemicals firm INEOS recently completed an £88.77million takeover of Ligue 1 Nice.
Prior to that purchase, the company looked at the possibility of buying a team in England’s top flight.
GETTY - CONTRIBUTOR
1
Sir Jim Ratcliffe looked at buying a Premier League club
Ratcliffe’s brother Bob, who heads up INEOS’ football division, told BBC Radio Five Live’s Sportsweek that it was ‘pretty difficult to rationalise purchases in the Premier League at this time’.
“We’d obviously been looking at Premiership clubs as well. We spent quite a lot of time looking at Premier League clubs,” Bob Ratcliffe said.
“We looked at the valuation of Premiership clubs and £5billion in revenues for the Premier League and the top six clubs are being valued at £2billion and upwards, and £450million of net profit before tax.
“It’s pretty difficult to rationalise purchases in the Premier League at this time for us and then, if you look below the top six, they’re all £150million and above and you’re going to write a cheque for £50million and get in the ‘Everton Cup’.”
Full link here
Why Britain's richest man decided against buying Chelsea or Newcastle
Sir Jim Ratcliffe’s company INEOS considered buying several Premier League clubs, including Chelsea and Newcastle, according to the billionaire’s brother. Chemicals firm INEOS recently comple…
talksport.com
