'We’ve got more accountants than sporting people': Man Utd co-owner Jim Ratcliffe blasts Premier League
'We’ve got more accountants than sporting people': Man Utd co-owner Jim Ratcliffe blasts Premier League
Manchester United co-owner Sir Jim Ratcliffe has blasted the Premier League authorities as the club faces multiple off-field issues. United, who will enter the firstfull season under Ratcliffe’s co-ownership will have the huge task of balancing the pay slip with Profit and Sustainability Rules (PSR) restricting them from spending. According to Ratcliffe, Premier League regulations have seen Manchester United hire more people for off-field work than on-field.
Jim Ratcliffe blasts Premier League
“We’ve got more accountants than we’ve got sporting people at Manchester United,” Ratcliffe said in an interview. “If you’re not careful, the Premier League will finish spending more time in court than it is thinking about what’s good for the league.”
Members of Parliaments from all sides have called for introducing a football regulator, while clubs have been penalised for breaking Financial Fair Play (FFP) rules. Champions Manchester City launched an assault on the legality of Premier League’s Associated Party Transactions — regulations that are designed to prevent teams from signing inflated sponsorship deals with companies linked to their owners.
United like City could be dragged into PSR and FFP sanctions if they spend more than their current losses during the summer transfer window. The club is also restricted by UEFA (European football’s governing body) from signing players due to an unknown rule.
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Why is UEFA restricting Manchester United from signing players?
According to UEFA rules, "No individual or legal entity may have control or influence over more than one club participating in a UEFA club competition," with control defined as: "Being able to exercise by any means a decisive influence in the decision-making of the club."
Under this provision, United cannot sign Nice defender Jean-Clair Todibo as both the French club and Manchester United come under the same bracket of owners and will be unable to sign players. Both United and Nice will also compete in the Europa League, which again adds restrictions on the club’s purchases in the European market.
