February 13th 2024.
The billionaire businessman, Sir Jim Ratcliffe, has recently received approval from the Premier League for his deal involving a 25% stake in Manchester United. This is a major milestone for Ratcliffe, who had been eagerly awaiting the verdict on his £1.3bn investment. The Premier League's 'owners' test' has been successfully passed by Ratcliffe, bringing him one step closer to achieving partial ownership of the club.
However, there is still one more hurdle to overcome before the deal can be finalized. Ratcliffe is now waiting for approval from the FA, which is necessary for the club's participation in the Women's Super League. Despite this, the approval from the Premier League is a significant step for Ratcliffe and his bid to become a partial owner of Manchester United.
Ratcliffe had initially aimed for mid-February to receive approval from the Premier League, and it seems that his efforts have paid off as his bid for a 25% stake in the club is well on track. The billionaire has wasted no time in getting to work at Old Trafford, with Omar Berrada recently being appointed as the club's CEO. Berrada joins the team from rival club Manchester City, adding to the excitement and anticipation surrounding Ratcliffe's investment.
INEOS, the company owned by Ratcliffe, is currently conducting an audit of Manchester United and is set to appoint a Sporting Director and a head of recruitment in the near future. The club is also facing a big decision regarding the future of their current manager, Erik ten Hag, which is expected to be made at the end of the season.
In the meantime, Manchester United continues to make progress on the field, with a 2-1 win against Unai Emery's team on Sunday moving them within five points of Aston Villa in 5th place. As the team strives for success, Ratcliffe's investment is sure to bring even more excitement and opportunities for the club. Stay updated on all the latest Manchester United news, exclusives, and analysis by signing up for our newsletter. Your privacy is important to us, and our site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service.
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