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Sir Jim Ratcliffe name drops six players that are blowing a hole in Manchester United's pockets.
Manchester United’s co-owner, Sir Jim Ratcliffe, provided some candid insight into the club's financial situation, naming a number of players he alluded to being “overpaid” or “not good enough for Manchester United.”
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09:01 - 11.03.2025
‘He’s done remarkably good’ - Manchester United co-owner backs Ruben Amorim as he admits Ten Hag ‘error’
Manchester United co-owner Sir Jim Ratcliffe has thrown his weight behind coach Ruben Amorim while revealing why it was a mistake not to sack Erik ten Hag much earlier.
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21:41 - 10.03.2025
‘It was the wrong decision’ — Man United’s Ratcliffe regrets not sacking Ten Hag earlier
Erik Ten Hag earned a stay of execution after leading the Red Devils to the FA Cup title, but owner Sir Jim Ratcliffe now claims waiting to pull the club was a mistake
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Man United's financial troubles
The Ineos chief acquired a 27.7% stake in Manchester United last year, after which he injected £238 million into the club. His stake rose to 28.94% when he invested an additional £79.3 million into the club.
Still, according to his own admission, the club is in a dire financial situation and they risked being ‘cashless’ as of December last year. This has led to the infamous penny pinching policies, which include discontinuing Sir Alex Ferguson’s ambassadorial deal, slashing funding for their charity for their former footballers, ending meals for the staff at the club, and firing perceived ‘unnecessary staff’ amongst others.
Ratcliffe fingers players
In an interview with the BBC, Ratcliffe explained the club's situation and how decisions that preceded him have led the club down this path. Especially as it pertains to ‘overpaying’ of players, even those currently outside the club.
"This summer we will 'buy' Antony, Sancho, Casemiro, Martinez, Hojlund and Onana, and they're all about 17 million quid each," he said. "Because that's what is outstanding. If we buy nobody else we're buying those players.
“These are all things from the past. We have inherited those things, and we have to sort it out. For Sancho, who now plays for Chelsea, we pay half his wages. We are paying £70 million to buy him in the summer. It takes time for us to move away from the past to a new place in the future.
Asked if he thinks the players he named are not good enough for Manchester United, he said, “Some are not good enough, some probably are overpaid, but for us to mould the squad that we are fully responsible for, and accountable for, will take time.”
"But it will be a very profitable club. We believe that in three years' time it will be the most profitable football club in the world. And it will be in a very, very different place. But we need to go through the change. Nobody likes change.
While this budget cuts are perceived to be necessary by sections of the media, Ineos were criticised for still spending a significant amount on the sporting arm of the club while crying poverty on the administrative aspects.
The financial repercussions of the decisions to fire Dan Ashworth—an Ineos hire—and Erik ten Hag after investing hundreds of millions on players for the Dutch tactician have been criticised.
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