Premier League approves £1.02bn Ratcliffe stake in Man Utd

FEBRUARY 14 – British billionaire Jimmy Ratcliffe purchase of A 25% bet In Manchester United has has been approved by THE First League.

United Also to wait for authorisation Since THE Soccer Association with Ratcliffe keen has complete THE agreement by mid February that will give him control of soccer operations has Old Trafford.

Confirmation their approval, A First League statement on Tuesday said: "Sir Jimmy Ratcliffe acquisition of 25 by hundred of Manchester United FC, And further investment of $300 million In THE club, has has been approved by THE First League Advice, following THE completion of THE The owners' And Directors Test.

"THE Advice agreed has THE change of THE of the club ownership structure last week, And This has NOW has been officially ratified by A Independent Monitoring Sign. THE First League The owners' charter has Also has been signed.

"THE First League NOW waits confirmation of THE transactions completion. »

He was announcement on Christmas Day before that Ratcliffe had agreed has buy A minority bet In United Since unpopular the owners THE Glazier family In A agreement value around £1.02 billion. He will Also invest A further £238 million In THE of the club infrastructure.

THE 71 years old childhood United fan East would have Already planning has lead A revision of THE team After A season that East improvement following A slow start.

THE Glaziers to have come below heavy critical Since Fans WHO blame them For A constant decline In THE fortunes of THE 20 times English league champions After A period of domination below director Alex Ferguson WHO retired In 2013, THE last time they won THE league title.

A lot Fans had hoped THE Glaziers would be sell THE club In complete, although Ratcliffe investment has has been welcome.

Contact THE writer of This history has moc.l1707919986labto1707919986ofdlr1707919986owedi1707919986sni@w1707919986ahsra1707919986w.wer1707919986dna1707919986