Manchester United: Sir Jim Ratcliffe gets Premier League approval for 25% investment in Red Devils
)
&format=webp)
Sir Jim Ratcliffe has finally received approval from the Premier League to purchase a 25% stake in Manchester United, after more than a year since signalling an interest.
The deal, worth about £1.03bn,is still subject to Football Association approval.
Jim Ratcliffe edges closer to Man Utd dream
&format=webp)
BREAKING: The Premier League has approved Jim Ratcliffe's proposed bid to buy a minority stake in Manchester United 🚨
— Sky Sports News (@SkySportsNews) February 13, 2024
As part of the deal, Ratcliffe's INEOS Sport division will take over control of United's football operations 🔴 pic.twitter.com/zR1jUbpV1V
The Glazer family will retain a majority stake in the club but Ratcliffe's Ineos Group will take control of football operations.
"The Premier League now awaits confirmation of the transaction's completion," the league said in a statement, while confirming Ratcliffe, 71, has also signed the owners' charter.
Ratcliffe's deal is good news for United supporters all over the globe and it includes £236m set aside for future investment into the club's Old Trafford stadium, which has fallen behind some of the more modern facilities in Europe.
Related Articles:
&format=webp)
&format=webp)
&format=webp)
&format=webp)
&format=webp)
&format=webp)
&format=webp)
&format=webp)
&format=webp)
&format=webp)
&format=webp)
&format=webp)
&format=webp)
&format=webp)