Man Utd co-owner Sir Jim Ratcliffe takes ‘absurd’ hit at big change that could help Khun Top

Manchester United co-owner Sir Jim Ratcliffe has slammed the proposed Premier League financial anchor, which could benefit clubs such as Leicester City in the long term, as “absurd”.

Ratcliffe’s United voted against the proposal which would put a cap on the amount clubs can spend on wages, transfers and agents’ fees. But Premier League clubs, including the Foxes, will trial him next season on a non-binding basis.

Existing financial regulations, which cap losses at £105m over three years, will remain in place, but top-flight sides will test team cost rules and top-down anchor rules in the shadows to allow the league to fully evaluate the system. and full stakeholder consultation.

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Anchorage, if formally introduced, would limit teams to spending a proportion – potentially up to five times – of the £103m bottom club receives on TV and prize money on transfers, wages and agents. This would help maintain competitive balance, possibly to the long-term benefit of clubs such as Leicester, who have lower incomes compared to the pecking order.

In an interview with Bloomberg, Ratcliffe said: “(Anchoring) would inhibit the top Premier League clubs. And the last thing you want is for the top clubs in the Premier League to not be able to compete with Real Madrid, Barcelona, ​​Bayern Munich, PSG – that’s absurd.

“And if it does, then it stops being the best league in the world.”

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