Sir Jim Ratcliffe insists over-regulation could ‘ruin’ Premier League

Manchester United’s minority owner, Sir Jim Ratcliffe, has said he understands why rivals Manchester City are challenging Premier League financial rules, and warned the competition faces “ruin” if regulation goes too far.

City are suing the league over its associated party transaction (APT) rules, which are designed to ensure commercial deals linked to a club’s ownership are done for fair market value. “I can understand why they are challenging it,” Ratcliffe told Bloomberg. “You can understand why they would say that they want an open market, a free market.”

Ratcliffe said the Premier League needed to be “careful” not to end up in “an endless legal wrangle with lots of clubs”. Everton and Nottingham Forest were docked a combined eight points for breaching the league’s profitability and sustainability rules (PSR) last season, while City face a hearing in the autumn charged with 115 breaches of Premier League rules.

“The Premier League is probably the most successful sporting league in the world, certainly the most successful football league in the world,” said Ratcliffe, who is in charge of football operations at Old Trafford. “And we have this expression in northern England: ‘If it ain’t broke, don’t fix it.’

“If you start interfering too much, bringing too much regulation in, then you finish up with the Manchester City issue, you finish up with the Everton issue, you finish up with the Nottingham Forest issue – on and on and on.

“If you’re not careful the Premier League is going to finish up spending more time in court than it is thinking about what’s good for the league. We have got the best league in the world, don’t ruin that league for heaven’s sake.”

United voted in favour of strengthening the APT rules in February but joined City in voting against a proposal called “anchoring”, which would put a cap on the amount clubs can spend on wages, transfer and agents’ fees. “[Anchoring] would inhibit the top clubs in the Premier League,” Ratcliffe said. “And the last thing you want is for the top clubs in the Premier League not to be able to compete with Real Madrid, Barcelona, Bayern Munich, PSG – that’s absurd. And if it does, it then ceases to be the finest league in the world.”

Ratcliffe also said an independent football regulator “won’t be good” for the game and revealed he intends to put French side Nice, majority-owned by his company Ineos, in a blind trust for the coming season in order to comply with Uefa multiclub ownership rules and allow United and Nice to compete side by side in the Europa League. Uefa revealed last month this would be an option for next season only; beyond that, shares would have to be sold in order to comply with their regulations.

Ratcliffe, who backed Britain’s exit from the European Union in 2016, added: “Because of Brexit it’s quite difficult now to contract the younger generational talents in Europe, but Nice could do that. If it’s a fantastic 15-year-old in France we can sign him up to Nice and use Nice as a conduit to Manchester United later on.”

Ratcliffe also said United had “made lots of poor decisions” during the last decade and insisted a marquee signing such as Kylian Mbappé is not the answer to the problems facing the club right now. “Everywhere we look there’s room for improvement, and we will improve everything because we want to be competing for the Premier League every year,” the 71-year-old said. “And I don’t think the solution is buy a Mbappé.

“One player isn’t going to solve the problem, you need to build a balanced squad and we need to make progress with the squad and ultimately you top it off with one or two players like Mbappé, but that’s not the solution today.”