Sir Jim Ratcliffe has dismissed reports over a potential takeover at Manchester United, criticizing the way the Old Trafford club is being managed.

There have been suggestions in England that the 67-yeaar-old wants to buy one of the top Premier League clubs especially Chelsea and Manchester United.

But Chelsea owner Roman Abramovich has reportedly shot down speculation that he wanted to sell his club.

Sir Ratcliffe, who grew up supporting the Red Devils, has, however, bought Ligue 1 side Nice.

Reacting to the idea of buying Manchester United, Britain’s richest man, who is worth a whopping £20billion, told The Times: “They are in quite a big pickle as a business.

“They haven’t got the manager selection right, haven’t bought well. They have been the dumb money, which you see with players like Fred.

“United have spent an immense amount since [Sir Alex] Ferguson left and been poor, to put it mildly. Shockingly poor, to be honest.

“We won’t look elsewhere until we have had a good run here (at Nice). We need to find out how to be successful before you ever want to write a big cheque. It’s quite difficult,” he said.

“We have a different approach here [at Nice] to be moderately intelligent about it. Try to do it more grass roots, trying to locate young talent.

“Some clubs seem to have an ability to do that, Southampton, Lille. [Manchester] United have done it really poorly. They have lost the plot there somehow.”

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