Raine Group's Manchester United verdict highlights Gary Neville concern amid takeover process

In modern football, there is a fine line between ensuring high performance on the pitch as well as being financially profitable off it.

Manchester United is an example of a club which has potential to be successful in both spheres. However, lack of performance on the pitch in recent years has led to greater scrutiny off it.

While there have always been critics of the Glazers' handling of the Reds, voices have grown louder against their ownership since the departure of Sir Alex Ferguson as manager as United slipped behind their rivals not only in the Premier League table but also in the boardroom.

Former Red Gary Neville has been a chief critic of the owners and in September 2022 he explained to FourFourTwo why he was sceptical of certain investors.

"This isn’t just about attacking nation states or American investment funds, which could be a big problem," Neville said. "We also have rogue owners at the bottom of the scale. We need a transparent and robust licence system.

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"There should be clear criteria where everybody knows what you need to be a fit and proper owner of an English football club. It’s not just a business on the street like Harrods, John Lewis or Uber where they invest Middle Eastern funds; football clubs should be treated differently, because they are too important to communities. If you own a football club, there should be a high level of expectation for those owners."

Neville's overall view is that football clubs should not be purchased by those who are solely looking to make a quick profit. Two months after that interview, the Glazers announced they were looking to either sell or explore further investment opportunities in United and chose to appoint the Raine Group to