Manchester United's minority shareholder INEOS are reportedly prepared to sell French club Nice to focus fully on the Red Devils.
Manchester United co-owners INEOS are reportedly preparing to sell Ligue 1 side Nice to focus on the recently acquired Red Devils.
In December 2023, the Sir Jim Ratcliffe-led company reached an agreement to acquire a 25% ownership stake in Manchester United from the Glazers family, becoming part owners and assuming control over the sporting arm club.
![Ex-Manchester United manager Solskjaer close to shocking return to Premier League](https://sportal365images.com/process/smp-images-production/ringier.africa/08062024/f609bfe1-6711-4b87-9605-214249942b0e.jpg?operations=fit(180:))
16:48 - 08.06.2024
Ex-Manchester United manager Solskjaer close to shocking return to Premier League
Former Manchester United manager Ole Gunnar Solskjaer is close to making a shocking move to the Premier League.
![Trabzonspor eye Ex-Manchester United striker to replace Super Eagles star Onuachu](https://sportal365images.com/process/smp-images-production/ringier.africa/01032024/1ef2f423-5aac-4c4f-80b9-d60be37e7c0e.jpg?operations=fit(180:))
00:00 - 08.06.2024
Trabzonspor eye Ex-Manchester United striker to replace Super Eagles star Onuachu
Paul Onuachu's exit from Trabzonspor could pave the way for an ex-Manchester United striker to enter the Turkish club
However, prior to their acquisition of a significant portion of shares in Manchester United, they owned French side Nice, which they bought in 2019 for a reported €100 million from Chinese-American entrepreneur Chien Lee.
INEOS considers selling Nice
Manchester United risked not participating in the Europa League, as another INEOS-owned club, Nice, qualified for the competition.
However, it is reported that UEFA have given them a bye for a transitional one-year period, meaning both sides can compete in Europe's second-tier competition next season, despite having an owner in common.
![Sir Jim Ratcliffe | Photo Credit: IMAGO](https://sportal365images.com/process/smp-images-production/ringier.africa/10022023/c1d1502e-674a-40fc-863f-77e40f9e0400.jpg?operations=fit(480:))
According to a report from The Independent, INEOS is looking to avoid a similar headache in the future and is now looking to part ways with their majority shares in Nice.
Other than Sir Jim Ratcliffe’s reported interest in focusing on his boyhood club as a reason for the proposed sale, the financial landscape of French football is also a contributing factor, with the league yet to seal a broadcaster for next season.
Per the report, INEOS will have no problem selling Nice as it is positioned in an attractive location.
Meanwhile, INEOS is considering sacking Erik Ten Hag and has lined up the likes of Gareth Southgate as a possible replacement.
Related content
![Trabzonspor eye Ex-Manchester United striker to replace Super Eagles star Onuachu](https://sportal365images.com/process/smp-images-production/ringier.africa/01032024/1ef2f423-5aac-4c4f-80b9-d60be37e7c0e.jpg?operations=fit(180:))
00:00 - 08.06.2024
Trabzonspor eye Ex-Manchester United striker to replace Super Eagles star Onuachu
Paul Onuachu's exit from Trabzonspor could pave the way for an ex-Manchester United striker to enter the Turkish club
![10 reasons Arsenal want RB Leipzig's Benjamin Sesko to lead them to Premier League glory](https://sportal365images.com/process/smp-images-production/ringier.africa/26012024/7c35c16e-e82a-4e65-a20e-a0cbbdd502c1.jpg?operations=fit(180:))
14:57 - 06.06.2024
10 reasons Arsenal want RB Leipzig's Benjamin Sesko to lead them to Premier League glory
10 reasons Arsenal are prioritising signing Benjamin Sesko over other strikers like Victor Osimhen and Co in an effort to get one over Man City next season.
![Transfer News: EPL rivals set to battle for ₦105 Billion-rated Eagles star](https://sportal365images.com/process/smp-images-production/ringier.africa/28072024/17f26af8-c9ea-4c5f-a8ba-d4325cf5f400.jpg?operations=fit(180:))
07:19 - 28.07.2024
Transfer News: EPL rivals set to battle for ₦105 Billion-rated Eagles star
Some of the Premier League's top teams are reportedly set to battle for the signature of one of Europe's top playmakers.