Sir Jim Ratcliffe could sack THREE Man Utd chiefs including CEO Richard Arnold when he takes over club on Monday
SIR JIM RATCLIFFE wants to know how Manchester United have managed to blow an astonishing £1.4BILLION in the transfer market.
Ratcliffe is set to complete his £1.3bn buy-in for a 25 per cent stake of United on Monday.
AFPSir Jim Ratcliffe wants to know how Man Utd have blown £1.4bn in the transfer market[/caption]
PACEO Richard Arnold’s job is in jeopardy[/caption]
And the British billionaire is planning a massive overhaul of the club’s player scouting and acquisition network as he takes charge of United’s football operations.
It is also understood the jobs of CEO Richard Arnold, football director John Murtough and director of football operations David Harrison – appointed only in February – are all in jeopardy for continuing to oversee a succession of expensive purchases following the departure of previous chief Ed Woodward.
In the last decade following Red Devils legend Sir Alex Ferguson’s retirement, United have splashed an incredible £1.4bn on players.
And lifelong fan Ratcliffe, 71, is shocked so much has been spent in exchange for so little success.
During that time Old Trafford chiefs have coughed millions on a number of flops – including a club record £89m for Paul Pogba, £85.5m on Antony, £75m on Romelu Lukaku, £73m on Jadon Sancho, £59.7m on Angel Di Maria, £44.5m on Anthony Martial and £35m on Donny van de Beek.
But United haven’t won the title since 2013 and have banked just one FA Cup, two League Cups and a Europa League title since Fergie won 28 major trophies during his glittering reign.
Erik ten Hag has spent £374m in initial fees since taking charge. But Ratcliffe accepts the Dutchman has credit in the bank following last season’s third-place league finish and Carabao Cup success.
But Ratcliffe accepts the Dutchman was brought in 18 months ago on the back of a succession of failures before him – David Moyes, Louis van Gaal, Jose Mourinho, Ole Gunnar Solskjaer and Ralf Rangnick.
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He also has credit in the bank following last season’s third place league finish and Carabao Cup success.
Ratcliffe has held discussions with co-chairman Joel Glazer over United’s whole football structure.
The self-made Ineos chemicals billionaire has made it clear he will focus on this side of the operation and his buy-in is expected to spark a series of new appointments.
Brazilian Anthony – who only arrived in the summer – outcast Sancho and Martial are in line to be dumped in January.
GettyBrazilian Anthony and outcast Sancho are in line to be dumped in January[/caption]