FA and Premier League Greenlight Ratcliffe’s Manchester United Deal

• Sir Jim Ratcliffe’s bid for a 25% stake in Manchester United receives approval from the Football Association and the Premier League
• The £1.03 billion investment from Ratcliffe’s Ineos Group could bring significant financial and strategic changes to Manchester United

Sir Jim Ratcliffe’s bid to acquire a 25% share in Manchester United has received the seal of approval from both the Football Association (FA) and the Premier League.

The British tycoon’s substantial investment amounts to approximately $1.3 billion (£1.03 billion), marking a significant financial infusion into the renowned football club.

While the Glazer family, current owners of Manchester United, will maintain a controlling interest in the club, Ratcliffe’s Ineos Group will assume responsibility for overseeing football operations.

However, the finalization of the transaction hinges on the closure of the share offer, scheduled for Friday night in the United States.

Crucially, Premier League sanctioning is contingent upon the completion of the deal, underscoring the regulatory scrutiny surrounding such high-profile acquisitions.

Negotiated on Christmas Eve, Ratcliffe’s acquisition package includes an additional $300 million (£236 million) earmarked for future enhancements to Manchester United’s historic Old Trafford stadium.

The impending deal signifies not only a substantial financial injection but also potential strategic developments for one of football’s most iconic institutions.