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Ratcliffe Man Utd deal approved by FA & Premier League

Sir Jim Ratcliffe’s deal to buy a 25% stake in Manchester United has been approved by the Football Association and Premier League. The British billionaire’s…

Sir Jim Ratcliffe’s deal to buy a 25% stake in Manchester United has been approved by the Football Association and Premier League.

The British billionaire’s purchase is worth about $1.3bn (£1.03bn).

Owners the Glazer family will retain a majority stake in the club but Ratcliffe’s Ineos Group will take control of football operations.

The sale cannot be completed until after the share offer is closed, which is Friday night in the United States.

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Premier League approval is contingent on the deal being completed.

Ratcliffe’s deal was agreed on Christmas Eve and also includes $300m (£236m) for future investment in the club’s Old Trafford stadium.

 

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