Manchester United’s proposed 25% stake acquisition by Sir Jim Ratcliffe has received approval from the Premier League, marking a significant step forward in the deal. While the Football Association’s approval is still pending, a source close to the process has indicated that things are moving in a positive direction. This development signals a potentially transformative change in the ownership structure of the club.
The Premier League officially announced the approval of Sir Jim Ratcliffe’s acquisition of 25% of Manchester United FC, coupled with a substantial additional investment in the club. This move comes after the successful completion of the Owners’ and Directors’ Test, highlighting the Premier League Board’s endorsement of the ownership change. Moreover, the Owners’ Charter has been signed, solidifying the transition in ownership structure.
In addition, the deadline for the tender offer to A shareholders has been extended to accommodate more shareholders, with the threshold for Ratcliffe’s 25% stake already surpassed with 36.7% of A shares being tendered. This extension provides an opportunity for more shareholders to participate in the process before the new deadline on February 16th.
With the majority of A shares already tendered, the completion of the deal is imminent, according to sources familiar with the situation. While the official confirmation is pending, the finalization of Sir Jim Ratcliffe’s minority investment is expected to happen in the near future. The move, announced on Christmas Eve, also includes the takeover of the football side management by Ratcliffe’s INEOS company.
INEOS director of sport, Sir Dave Brailsford, has wasted no time in getting involved with the club’s operations, being present at the Carrington training ground since the announcement. Meetings with key stakeholders, including manager Erik ten Hag, staff, and fan groups, have been conducted to ensure a smooth transition in ownership. Both Ratcliffe and Brailsford have been actively engaging with the club’s internal and external stakeholders, showcasing their commitment to the club’s success.
As the deal progresses towards completion, the strategic involvement of Sir Jim Ratcliffe and INEOS brings a new perspective to Manchester United’s ownership. The collaboration between the new stakeholders and the existing management team sets the stage for a potentially impactful partnership that aims to drive the club’s performance and growth.
The presence of seasoned sports professionals like Sir Dave Brailsford adds a layer of expertise and experience to the club’s leadership, signaling a strategic approach to advancing Manchester United’s position in the competitive football landscape. With a keen focus on management and performance, the impending ownership change holds the promise of a new chapter in Manchester United’s storied history.
The Premier League’s approval of Sir Jim Ratcliffe’s 25% stake acquisition in Manchester United marks a significant milestone in the club’s ownership transition. With official ratification underway, the completion of the deal is on the horizon, paving the way for a new era under the strategic direction of INEOS. The active involvement of key stakeholders and the extension of the tender offer deadline underscore a commitment to inclusivity and transparency in the ownership change process. As Manchester United prepares for a new chapter under the stewardship of Sir Jim Ratcliffe and INEOS, the football world eagerly anticipates the impact of this transformative partnership on the club’s future.
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