Nice owner Sir Jim Ratcliffe says Premier League clubs are overvalued.

The billionaire, who is said to be worth over £21bn, feels the asking prices for any potential buyer of an English top-flight club are unrealistic.

Last year his brother, Bob Ratcliffe, chief executive of INEOS Football confirmed they looked at buying Newcastle United from Mike Ashley but decided against it due to the price.

Sir Jim was quoted by the Evening Chronicle: "(It's) pretty difficult to rationalise purchases in the Premier League at this time for us and then, if you look below the top six, they're all £150m and above and you're going to write a cheque for £50m and get in the 'Everton Cup'.

"Obviously people talked to us about Newcastle as well. But again you come back to a valuation in the hundreds of millions and it's very difficult to contemplate."