British billionaire Sir Jim Ratcliffe’s deal to buy a 25% stake in Manchester United has been approved by the Premier League.
The deal, worth about $1.3bn (£1.03bn), is still subject to Football Association approval.
Owners the Glazer family will retain a majority stake in the club but Ratcliffe’s Ineos Group will take control of football operations.
Premier League approval is contingent on the deal being completed.
“The Premier League now awaits confirmation of the ,” the league said in a statement, while confirming Ratcliffe, 71, has also signed the owners’ charter.
The deal is the first to be agreed under the Premier League’s updated owners’ and directors’ test, which was approved by member clubs in March 2023 and includes a review by an independent oversight panel.
BONA NAIJA REPORTS