British billionaire, chemical engineer, INEOS founder and CEO, Manchester United stakeholder
UK billionaire Sir Jim Ratcliffe has told BBC that the UK is in decline due to high taxes and immigration. He has relocated to Monaco since 2020 and says things would have to improve for him to return. The remarks have sparked widespread reaction and follow recent criticism of government energy and tax policy.
The prime minister is set to travel to New York for the UN General Assembly, where he is expected to hold a first in-person meeting with Donald Trump. Officials say discussions will cover Ukraine, the Middle East, and sanctions on illegal Israeli settlements, with continuing phone diplomacy preceding the encounter.
Across multiple reports, football clubs reveal major stadium developments: Swansea City intends to buy Swansea.com Stadium from the council to safeguard the club’s future, while Manchester United advances a 100,000-seat stadium plan near Old Trafford as part of a broader Trafford Wharfside development. The initiatives aim to spur investment, jobs and regeneration, though debt and funding are under scrutiny.
Fenway Sports Group has received an approach from a consortium led by Amit Bhatia that has offered to buy a strategic minority stake in Liverpool. Reports have said Jeff Bezos has held talks about joining the group and the bid would value the club at roughly a34.5bn-a36bn; talks are at an early stage.
Bob Iger and Josh Kushner have agreed to buy the Los Angeles Lakers from Mark Walter in a transaction valuing the franchise at about $12.5 billion. The sale has been announced this week, requires approval from the NBA Board of Governors and is subject to due diligence and Kushners divestment of a Miami Heat stake.