You are currently viewing Sir Jim Ratcliffe has become the Glazers’ fireguard – and that suits them just fine

Sir Jim Ratcliffe has become the Glazers’ fireguard – and that suits them just fine

  • Post category:sports
  • Post comments:0 Comments
  • Post last modified:March 16, 2025

There are certain figures who hover into view at key moments of history, defining eras despite having little control over events. You might remember Mohammed Saeed al-Sahhaf, who was dubbed by the UK media as ‘Comical Ali’ and became famous towards the end of the 2003 invasion of Iraq in his role as the country’s minister for information. Al-Sahhaf offered bulletins throughout the conflict and as the Ba’ath Party’s position became worse, his messages became more optimistic. With rockets flying into Baghdad, according to Al-Sahhaf, the situation was well under control. Saddam Hussein was nowhere to be seen. Everybody knew that everything happening was because of him and Al-Sahhaf’s front-and-centre presence instead gave an insight into just how useless the whole regime had become.

There is Sir Jim Ratcliffe, who did not use one of his several media appearances this week to convince anyone that his football empire was not in danger of crumbling. Quite the opposite — the criticisms were meted out in liberal quantities, to a wide range of targets: a selection of unnamed senior players (“overpaid” and “not good enough”), former executives Richard Arnold and Ed Woodward (“Richard was a rugby man, he didn’t even understand football. Ed didn’t have the credentials to manage the club. He was a merchant banker, an accountant”), and even Ligue 1, with Ratcliffe saying he cannot bring himself to watch his other club, Nice, because “the level of football is not high enough for me to get excited”.

It is the Glazers who hired Arnold and Woodward, and the football executives who signed those apparently useless players. It was also on the Glazers’ watch that United’s financial position had, according to Ratcliffe on Monday, deteriorated to such an extent that the club was at risk of “going bust by Christmas”. Yet the main cause of that malaise — the crippling interest payments due on the £700million ($905.5m at current rates) worth of debt the Glazers’ leveraged buyout forced on United — also went curiously unmentioned.

It was the Glazers who bought in and haven’t seen [Sir Jim Ratcliffe] since, and they have largely retreated “into the shadows”.

If you knew absolutely nothing about United, and nothing about football, you would look at all the coverage and assume that Ratcliffe is operating as a somewhat frazzled lone wolf given the way he lurched from warnings about bankruptcy to laying out plans for one of the most ambitious stadium projects the game has ever seen inside 24 hours.

The Glazers — whose opinion on all this stuff matters most given their controlling stake — have not uttered a word. We don’t know what they think about moving into a new 100,000-seater stadium that, if Ratcliffe has his way, will take just five years to build and cost around £2bn. It is the most significant decision the club has made since the Glazers’ takeover nearly 20 years ago, but their names have not appeared at the bottom of any of the bubbly press releases, and they certainly have not put themselves forward for interviews.

Source link

Leave a Reply