da marjack bet： Manchester United have finally seen Sir Jim Ratcliffe's move to acquire a 25 percent stake at Old Trafford approved by the Premier League and the FA.
da wazamba： Article continues below
Article continues below
Article continues below
Ratcliffe agrees deal in DecemberPremier League approve it on TuesdayFA follow suit on WednesdayGettyWHAT HAPPENED?
Sir Jim Ratcliffe's minority takeover at the club was approved on Tuesday following an independent review, as the Manchester-born billionaire now looks set to acquire a 25 per cent stake in the team moving forward. The Football Association also approved the deal on Wednesday.
AdvertisementWHAT THE PREMIER LEAGUE SAID
A statement released by the Premier League read: "'Sir Jim Ratcliffe’s acquisition of 25 per cent of Manchester United FC, and further investment of $300 million in the club, has been approved by the Premier League Board following the completion of the Owners’ and Directors’ Test (OADT).
"The Board agreed to the change of the club's ownership structure last week, and this has now been officially ratified by an Independent Oversight Panel.
"The Premier League’s Owners’ Charter has also been signed. This is the first acquisition of Control to be reviewed and approved by a new Independent Oversight Panel following changes to the process which were agreed by Premier League clubs in March 2023.
"The Premier League now awaits confirmation of the transaction’s completion."
THE BIGGER PICTURE
Ratcliffe completed the initial deal to acquire the share of the club back in December and has now passed the Premier League's Directors' and Owners' test. The 71-year-old is set to gain complete control over footballing operations, despite only owning a minority share at Old Trafford. Completion of the deal is expected by the end of the week when Ratcliffe finalises his purchase of Class A shares.
Getty WHAT NEXT FOR MAN UTD?
For now, United themselves will look to continue to impress on the pitch following their late winner against Aston Villa last weekend. Erik ten Hag's men are currently on a five-game unbeaten run across all competitions and face Luton Town in their next fixture.