In a recent development at Old Trafford, Sir Jim Ratcliffe, CEO of INEOS, has reportedly brutally criticised Manchester United’s transfer decisions, as per reports.
With the impending £1.3 billion deal for a 25% stake in the club, Ratcliffe is poised to instigate a significant reshuffle in the club’s sports operations once the deal is greenlit.
The prospective transaction, already approved in principle by the Glazer family, is set to be discussed by Manchester United’s 12 board members in an upcoming meeting.
Once the deal is solidified, indications suggest that Ratcliffe will take the reins of sports-related decisions, marking the first major change in the club’s ownership since the Glazers took control in 2005. Given this backdrop, the futures of Richard Arnold and John Murtough at United appear uncertain.
An article from The Guardian highlights Ratcliffe’s criticism about the club’s strategic moves, especially during his March visit to both Old Trafford and Carrington amidst acquisition discussions.
The spotlight fell on the club’s decision to acquire Casemiro from Real Madrid for a whopping £70m, a move that Ratcliffe purportedly scrutinised.
The signing of the player, who celebrated his 31st birthday earlier this year, was more of a Plan B after United couldn’t secure Frenkie de Jong. Despite a commendable debut season, Casemiro’s recent performance has raised eyebrows.
While Ratcliffe seems pleased with the club’s commercial strategies, he has expressed serious reservations about recent player investments. Notably, both Arnold and Murtough were present during Ratcliffe’s assessment visit to Manchester, accompanied by other INEOS officials.