- Ineos not involved in the daily management of the club due to UEFA rules
- The French club cost Ratcliffe 100 million euros (85.3 million pounds sterling) in 2019
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The owner of the Manchester United minority, Sir Jim Ratcliffe, would have explored the sale of the Nice Ligue 1 Club.
Ratcliffe, Ineos, bought 100% of the French club for a price of 100 million euros (85.3 million pounds sterling) in 2019.
Speaking in March, Ratcliffe said that he did not like to look at his French side due to the level of football.
“I don’t particularly like to go watch well because there are good players, but the level of football is not high enough for me to get excited,” said Ratcliffe at Times.
“The best season that Nice has had this is where we were not allowed to get involved due to multi-club property rules.
Sir Jim Ratcliffe has 100% Nice despite the decline in daily control this year
Nice is currently sixth in Ligue 1, but recently ended PSG’s candidacy for an undefeated campaign
Sir Jim Ratcliffe also has a minority participation in Manchester United through his company Ineos
“They were so much better without our interference!”
UEFA does not allow clubs with a common owner participating in the same competition.
Consequently, with both Nice and Manchester United in this year’s Europa League, Ratcliffe and Ineos put the French side under the control of a blind trust.
The reports indicate that the New York Investment Bank Lazard was brought by Ineos to find a buyer for the French club.
According to athletics, the new price requested asks for Nice is 250 million euros (213.2 million pounds sterling).
The French club is currently sixth in Ligue 1, at the points with Lyon.
Last weekend, Nice beat PSG to end the French Champions attempt to become the first Ligue 1 team to finish an undefeated season.
The potential sale comes after United was struck by a second series of staff layoffs since Ratcliffe completed its partial takeover last February.
Dan Ashworth left Manchester United only five months after having become its sports director
Under Ratcliffe and Ineos, Ruben Amorim was hired under the replacement name of Erik Ten Hag
Eight months ago, Ratcliffe launched 250 employees and wanted to reduce the number of heads to United by 200 additional people.
Richard Hawkins, director of ideas and innovations for United Football, and David Harrison, director of football operations, were both informed that they would have no roles at the club in the future.
In February, sports director Dan Ashworth left the club barely five months after joining the club.
In March, Ratcliffe said that United may have gone bankrupt by Christmas if he had not implemented cost reduction measures.
The same month, United revealed plans for a new stadium of 100,000 seats.
The cost of new development would be 2 billion pounds sterling.
Under Ratcliffe, the club has also increased ticket prices, the cost of next season should increase by around £ 2.50 per game.
Ratcliffe and Ineos also presided over a change of manager, giving Erik Ten a new contract only to dismiss it in the middle of this season.
Ruben Amorim was hired by Sporting Lisbon to replace the Dutchman.
