INEOS, under Sir Jim Ratcliffe, is seeking buyers for French club Nice following financial struggles since their minority stake in Manchester United. Since purchasing Nice in 2019, they have faced criticism for neglecting the club, especially after significant financial commitments were made in acquiring United. Recently, Ratcliffe placed Nice's ownership in a 'blind trust' due to UEFA regulations. To expedite the sale, they have enlisted New York's Lazard, eyeing a target of £250m, amidst a challenging financial landscape for Ligue 1 clubs post-DZN contract collapse.
Sir Jim Ratcliffe and INEOS are focusing solely on Manchester United, prompting the search for buyers for Nice, which they took charge of in 2019.
Ratcliffe has placed ownership of Nice into a 'blind trust' to comply with UEFA's regulations, necessitated by both clubs competing in the Europa League.
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