Skip to Content Facebook Feature Image

Manchester United co-owner Jim Ratcliffe says sorry if some were offended by anti-immigrant comments

News

Manchester United co-owner Jim Ratcliffe says sorry if some were offended by anti-immigrant comments
News

News

Manchester United co-owner Jim Ratcliffe says sorry if some were offended by anti-immigrant comments

2026-02-13 01:01 Last Updated At:01:10

LONDON (AP) — The billionaire co-owner of the Manchester United soccer team apologized Thursday after he triggered a storm of criticism by saying that Britain had been “colonized” by immigrants.

The original comments from Jim Ratcliffe, who is also the founder and chairman of chemicals maker Ineos, had drawn a swift rebuke from Prime Minister Keir Starmer who described them as “offensive and wrong.” That sentiment was seconded by many soccer fans and figures across the spectrum of U.K. politics.

The controversial remarks came in a wide-ranging interview with Sky News in which Ratcliffe touched on the challenges facing the European chemicals industry, politics and the weakness of the U.K. economy. They were a top news story in Britain where his position as one of the country’s richest people and the co-owner of one of its most successful soccer clubs make him an influential voice on politics and the economy.

Ratcliffe said Thursday that he had intended to stress the need for governments to manage migration and invest in the economy to ensure “long-term prosperity is shared by everyone.

“I am sorry that my choice of language has offended some people in the U.K. and Europe and caused concern,” he said in a statement. “But it is important to raise the issue of controlled and well-managed immigration that supports economic growth.”

Ratcliffe’s comments touched a nerve in Britain, where immigration is a divisive issue. While many people celebrate the contributions of immigrants, others complain that the newcomers are straining public services and failing to integrate into British society.

The upstart Reform Party and its leader, Nigel Farage, have used anti-immigrant policies to push their way into the mainstream of British politics. Reform, which won just five seats in Parliament in 2024, now leads most nationwide opinion polls.

Starmer’s left-leaning Labour Party won a landslide victory in that election but is now fighting for survival after a series of policy missteps and its failure to prevent thousands of asylum seekers from crossing the English Channel on inflatable boats. The prime minister took to social media late Wednesday to criticize Ratcliffe.

“Britain is a proud, tolerant and diverse country,’’ Starmer said on X. “Jim Ratcliffe should apologize.”

Even the team itself felt it necessary to issue a statement given the backlash, insisting it is an “inclusive and welcoming club” with a “diverse group of players.”

Others accused Ratcliffe of “hypocrisy” because he has chosen to make his home in Monaco to reduce his U.K. tax bill.

“There’s also something that I find quite offensive, that this man who moved to Monaco to save 4 billion pounds ($5.46 billion) in tax is now lecturing us about immigration,” Justice Minister Jake Richards told Times Radio.

Ratcliffe told Sky News that the U.K. has “lots of problems,” including a weak economy, crime and a struggling health care system. The government won’t be able to control immigration or deal with the problem of people choosing to live on social welfare payments rather than work for a living unless it is willing to make difficult choices, he said.

“You can’t have an economy with 9 million people on benefits and huge levels of immigrants coming in,” Ratcliffe said. “I mean, the U.K.’s been colonized.”

The use of the word “colonized’’ is problematic because it suggests immigrants are taking over, said Sunder Katwala, head of the think tank Britain First, which studies public attitudes on immigration and integration. This is particularly true in Britain, which is re-examining its own history as a nation that once colonized large parts of the world.

“I think the language of colonized is that (of) dominance, subjugation, dispossession,’’ Katwala told the BBC. “It’s very hard to have that debate in a way that makes sense to all the different kinds of people in Britain — white, Black and Asian — rather than seeming to be an argument about one group against another group.”

Andy Burnham, the mayor of Greater Manchester, said that his city in northern England is a place where people of all races and backgrounds have “pulled together” to build the community and institutions like Manchester United.

“Calling for curbs on levels of immigration is one thing, portraying those who come here as a hostile invading force is quite another,” Burnham wrote on X. “It is inaccurate, insulting and inflammatory and should be withdrawn.”

“If any criticism is needed, it should be directed towards those who have offered little contribution to our life here and have instead spent years siphoning wealth out of one of our proudest institutions,” he wrote.

Anti-racism groups also challenged Ratcliffe on his figures. He said that the U.K. population had grown to 70 million from 58 million in 2020. But the Office for National Statistics said that the U.K. population was 67 million in 2020 and was estimated to be 69.5 million in 2025.

“In addition to the inaccurate figures mentioned, it’s worth reminding him that Manchester United has a diverse fan base and plays in a city whose cultural history has been enriched by immigrants,” the campaign group Kick It Out, which fights racism in soccer, said in a statement. “This type of language and leadership has no place in English football, and we believe most fans will feel the same.”

Ratcliffe, a boyhood fan of United, paid $1.3 billion for an initial 25% stake in the club in 2024.

He has faced protests from fans in recent weeks as supporters have criticized the United’s ownership — including the U.S. Glazer family — over the running of the club.

Ratcliffe’s investment saw him assume control of soccer operations after years of decline following the retirement of longtime manager Alex Ferguson in 2013. But he presided over United’s worst-ever Premier League season last year, and instigated swathes of cost-cutting measures, while increasing ticket prices.

Ratcliffe acknowledged that recent decisions had made him unpopular with Manchester United fans. But he said those changes were needed to make the club successful, just as the government must mark tough choices to turn the country around.

“You’ve got all the same issues with the country, don’t you?” he said. “If you want to deal the major issues … then you’re going to have to do some things that are unpopular.”

James Robson contributed to this report from Manchester.

Mayor of Greater Manchester Andy Burnham speaks at a Resolution Foundation event on working-age families, at the Methodist Central Hall in central London, Tuesday Feb. 10, 2026. (Jordan Pettitt/PA via AP)

Mayor of Greater Manchester Andy Burnham speaks at a Resolution Foundation event on working-age families, at the Methodist Central Hall in central London, Tuesday Feb. 10, 2026. (Jordan Pettitt/PA via AP)

FILE - Manchester United co-owner Jim Ratcliffe stands in front of the former manager Alex Ferguson during the Premier League soccer match between Manchester City and Manchester United in Manchester, England, on Sept. 14, 2025. (AP Photo/Dave Thompson, File)

FILE - Manchester United co-owner Jim Ratcliffe stands in front of the former manager Alex Ferguson during the Premier League soccer match between Manchester City and Manchester United in Manchester, England, on Sept. 14, 2025. (AP Photo/Dave Thompson, File)

NEW YORK (AP) — U.S. stocks are dropping Thursday as the market splits further between perceived losers and winners from the rush into artificial-intelligence technology.

The S&P 500 fell 1% after erasing an early gain that brought it just below its all-time high. The Dow Jones Industrial Average was down 494 points, or 1%, as of 11:45 a.m. Eastern time, and the Nasdaq composite was 1.5% lower.

AppLovin tumbled 18.1% despite reporting a stronger profit for the latest quarter than analysts expected. Like other software companies, it’s come under pressure recently from worries that AI may undercut its business while fundamentally changing how people use the internet.

AppLovin CEO Adam Foroughi pushed back on such worries, saying in a conference call with analysts that indicators show his company is doing well. “There’s a real disconnect between market sentiment and the reality of our business,” he said.

Its stock nevertheless worsened its loss for the young year so far, which came into the day at 32.2%.

Cisco Systems dropped 11.5% despite likewise topping analysts’ expectations for profit and revenue last quarter. The tech giant indicated that it may make less profit off each $1 of revenue during the current quarter than it did in the past quarter.

Analysts said that could be an indicator of higher prices for computer memory that everyone is having to pay amid the rush driven by AI.

More broadly, questions are rising about whether businesses that are spending heavily on AI will end up seeing high-enough profits and productivity to make the investments worth it.

In the meantime, the companies serving customers with huge AI budgets are benefiting.

Equinix, for example, jumped 11.8% even though the digital infrastructure company’s results for the latest quarter fell short of analysts’ expectations. It gave financial forecasts for 2026 that topped analysts’ expectations, and CEO Adaire Fox-Martin said that “demand for our solutions has never been higher.”

The company’s data centers are helping to power the world’s move into AI.

Outside of tech, McDonald's rose 2% after reporting a stronger profit for the latest quarter than analysts expected. The restaurant chain credited moves to improve its value and affordability, including cutting prices on some U.S. combo meals in September.

Walmart's rally of 3.2%, meanwhile, was one of the strongest forces pushing upward on the S&P 500. It erased losses from earlier in the week after a report said spending at U.S. retailers overall stalled in December.

In the bond market, Treasury yields fell after a report said slightly more U.S. workers filed for unemployment benefits last week than economists expected.

The number was nevertheless lower than the prior week’s, which is a signal that the pace of layoffs may be improving. It also followed a surprisingly strong report on the job market from Wednesday, which said the nation’s unemployment rate improved last month.

A strengthening job market could push the Federal Reserve to keep its cuts to interest rates on pause, even if President Donald Trump has been loudly and aggressively calling for lower rates. That’s because lower rates can worsen inflation at the same time that it gives the economy a boost.

It all raises the stakes for Friday’s upcoming report on inflation at the U.S. consumer level. Economists expect it to show inflation slowed to 2.5% last month from 2.7% in December.

A separate report on Thursday said that sales of previously occupied homes slumped last month by more than economists expected, which also weighed on yields.

The yield on the 10-year Treasury fell to 4.12% from 4.18% late Wednesday.

In stock markets abroad, South Korea’s Kospi rushed 3.1% higher thanks to gains for Samsung Electronics, SK Hynix and other tech stocks. The moves were more modest in other Asian markets and in Europe.

Hong Kong's Hang Seng fell 0.9%, and France's CAC 40 rose 0.3%.

AP Business Writers Chan Ho-him and Matt Ott contributed.

Trader Edward McCarthy works on the floor of the New York Stock Exchange, Wednesday, Feb. 11, 2026. (AP Photo/Richard Drew)

Trader Edward McCarthy works on the floor of the New York Stock Exchange, Wednesday, Feb. 11, 2026. (AP Photo/Richard Drew)

Trader Robert Charmak, left, and Specialist Genarro Saporito work on the floor of the New York Stock Exchange, Wednesday, Feb. 11, 2026. (AP Photo/Richard Drew)

Trader Robert Charmak, left, and Specialist Genarro Saporito work on the floor of the New York Stock Exchange, Wednesday, Feb. 11, 2026. (AP Photo/Richard Drew)

Trader John Romolo works on the floor of the New York Stock Exchange, Wednesday, Feb. 11, 2026. (AP Photo/Richard Drew)

Trader John Romolo works on the floor of the New York Stock Exchange, Wednesday, Feb. 11, 2026. (AP Photo/Richard Drew)

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, Feb. 12, 2026. (AP Photo/Ahn Young-joon)

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, Feb. 12, 2026. (AP Photo/Ahn Young-joon)

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, Feb. 12, 2026. (AP Photo/Ahn Young-joon)

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, Feb. 12, 2026. (AP Photo/Ahn Young-joon)

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, Feb. 12, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, Feb. 12, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

People walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, Feb. 12, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

People walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, Feb. 12, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, Feb. 12, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, Feb. 12, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

Recommended Articles