Britain's richest man speaks out on Liverpool purchase


British billionaire Sir Jim Ratcliffe has broken silence over buying Liverpool Football Club from FSG

Sir Jim Ratcliffe

Fenway Sports Group expressed its intention to sell Liverpool on Monday after issuing a statement saying they were open to further investment. The American group has owned the Reds since October 2010 when they paid Tom Hicks and George Gillett £300m.

Speculation about a potential buyer for the football club has been swirling since the announcement. One of them is Ratcliffe, chief executive of chemical group Ineos and widely known as Britain's richest man.

Ratcliffe is a Manchester United fan, and the Bloomberg Billionaires Index puts the 70-year-old's net worth at around £8.7 billion, while Forbes has a net worth of around £13.48 billion.

Despite being linked to a potential takeover, Ratcliffe has issued a statement saying he is not interested in buying Liverpool.

A spokesperson told the Telegraph: "Our position has developed since the summer and we are now focusing our efforts in Nice and raising our ambitions for the club to make them into a top tier club in France to compete with PSG.

"This would represent much better value for our investment than buying one of the top tier Premier League clubs."

Sir Jim Ratcliffe already owns Ligue 1 club Nice and Swiss Super League outfit FC Lausanne-Sport.

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