WHAT TOOK PLACE?

Positive developments for Manchester United as Sir Jim Ratcliffe’s 25 percent stake have been officially approved by both the Football Association (FA) and the Premier League. INEOS is now cleared to take over football operations for the club.

The approval of Sir Jim Ratcliffe’s minority takeover at Manchester United was finalized on Tuesday, and the Football Association also gave their approval on Wednesday. This paves the way for the Manchester-born billionaire to acquire a 25 percent stake in the team.

WHAT THE PREMIER LEAGUE STATED

The Premier League announced the approval of Sir Jim Ratcliffe’s acquisition of a 25 percent stake in Manchester United, along with an additional investment of $300 million in the club. This approval followed the completion of the Owners’ and Directors’ Test (OADT) and was officially ratified by an Independent Oversight Panel.

The change in Manchester United’s ownership structure, including Sir Jim Ratcliffe’s acquisition of a 25 percent stake and an additional $300 million investment, was officially ratified by an Independent Oversight Panel. The Premier League Board had previously approved this alteration, and the Owners’ Charter has been signed. This marks the first acquisition of control reviewed and approved by the new Independent Oversight Panel, following changes to the process agreed upon by Premier League clubs in March 2023. The Premier League is now awaiting confirmation of the completion of the transaction.

THE GREATER CONTEXT

Sir Jim Ratcliffe has successfully undergone the Premier League’s Directors’ and Owners’ test, paving the way for his acquisition of a 25 percent stake in Manchester United. Despite holding a minority share, the 71-year-old is poised to assume complete control over footballing operations. The deal, which was initially completed in December, is anticipated to be finalized by the end of the week upon Ratcliffe’s purchase of Class A shares.

WHAT LIES AHEAD FOR MANCHESTER UNITED?

Currently on a five-game unbeaten run, Manchester United, led by Erik ten Hag, aims to maintain their positive form as they face Luton Town in their upcoming fixture. The team will look to build on their recent success, including a late winner against Aston Villa.