Ratcliffe sells Nice to fund MU takeover, admits club better sans INEOS meddling

The owner of the minority of Manchester United Sir Jim Ratcliffe is reportedly investigating the sale of Ligue 1 Club Nice.

The Ratcliffe company, Ineos, bought 100% of the French club for a price of € 100 million (£ 85.3 million) in 2019.

In March Ratcliffe said he didn't like to look at his French side because of the standard of football.

“I don't really enjoy watching Nice because there are some good players, but the football level is not high enough for me to get excited,” Ratcliffe told The Times.

'The best season that Nice has had, this, where we are not allowed to participate because of rules for multiple club ownership.

“They have been so much better without our interference!”

UEFA does not allow clubs with a shared owner who participates in the same competition.

As a result, both Nice and Manchester United in the Europa League of this year have put Ratcliffe and Ineos the French side in control of blind trust.

Reports indicate that Lazard, New York Investment Bank was introduced by Ineos to find a buyer for the French club.

According to athletics, the questions of a new asking price for Nice is € 250 million (£ 213.2 million).

The French club is currently sixth in Ligue 1, level at points with Lyon.

Last weekend Beat PSG to end the bid of the French champions to become the first Ligue 1 side that completes an unbeaten season.

The potential sale comes after United was hit with a second round of staff fired since Ratcliffe completed its partial takeover last February.

Eight months ago Ratcliffe let 250 employees go, and he wants to reduce the number of heads at United with another 200 people.

Richard Hawkins, director of Football Insights and Innovations of United, and David Harrison, director of football activities, is both told that they will not have roles at the club.

In February, sports director Dan Ashworth left the club only five months after he came to the club.

In March, Ratcliffe claimed that United might have gone bankrupt at Christmas if he has not implemented any cost -saving measures.

In the same month, United revealed plans for a new stadium of 100,000 seats.

The costs of the new development are reportedly £ 2 billion.

Under Ratcliffe, the club has also increased ticket prices, with the costs of the following season by around £ 2.50 per match.

Ratcliffe and Ineos have also challenged a change from manager and have transferred Erik ten Hag a new contract to dismiss him in the middle of this season.

Ruben Amorim was hired from Sporting Lisbon to replace the Dutchman.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top