Ratcliffe Man Utd deal approved by FA & Premier League

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Ratcliffe Man Utd deal approved by FA & Premier League
United Kingdom Latest News,United Kingdom Headlines
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Sir Jim Ratcliffe's deal to buy a 25% stake in Manchester United is approved by the Football Association and Premier League.

Sir Jim Ratcliffe has made frequent visits to Old Trafford and the club's training ground since his deal was agreed

The sale cannot be completed until after the share offer is closed, which is Friday night in the United States."The Premier League now awaits confirmation of the transaction's completion," the league said in a statement, while confirming Ratcliffe, 71, has also signed its owners' charter. An update to the US Securities and Exchange Commission on Monday evening confirmed that the deadline for holders of class A shares to tender them for sale has been extended from Wednesday until 23:59 EST on Friday.

Taking on sporting control at the club means Ineos will oversee the men's and women's football operations and academies.

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