Premier League approve Sir Jim Ratcliffe stake in Man United

MANCHESTER, ENGLAND – JANUARY 14: Sir Jim Ratcliffe of INEOS watches from the directors box ahead of the Premier League match between Manchester United and Tottenham Hotspur at Old Trafford on January 14, 2024 in Manchester, England. (Photo by Matthew Peters/Manchester United via Getty Images)

The Premier League have approved Sir Jim Ratcliffe’s acquisition of 25 per cent stake in Manchester United.

In a statement the Premier League said: “Sir Jim Ratcliffe’s acquisition of 25 per cent of Manchester United FC, and further investment of $300m 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.”

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