The process of Sir Jim Ratcliffe taking over a portion of "Manchester United" club shares is coming to an end.
The "Premier" League officially confirmed on Tuesday the request of the owner of INEOS.
Sir Jim Ratcliffe with INEOS will acquire 25 percent of "Manchester United" club shares. As announced, the British businessman joining the club's leadership will aim to invest in infrastructure, new players in the market. He will take over the football part, while the Glazer family will continue to hold another portion of shares.
This process now only lacks approval from the FA (Football Association).
🚨🔴 OFFICIAL: Premier League confirm Sir Jim Ratcliffe’s acquisition of 25% of Manchester United has been approved following the completion of the Owners and Directors Test.
— Fabrizio Romano (@FabrizioRomano) February 13, 2024
“The Premier League’s Owners’ Charter has also been signed”. pic.twitter.com/GRiTXDRjv6