By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: #Premier League finally approves Ratcliffe’s 25% investment in Man Utd
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > Sports > #Premier League finally approves Ratcliffe’s 25% investment in Man Utd
Sports

#Premier League finally approves Ratcliffe’s 25% investment in Man Utd

new5nuke
Last updated: February 14, 2024 5:40 am
new5nuke
1 year ago
Share
SHARE

The Premier League has finally approved Sir Jim Ratcliffe’s move to acquire a 25 percent stake in Manchester United.

Ratcliffe’s minority takeover was approved on Tuesday, following an independent review.

An official statement read: “‘Sir Jim Ratcliffe’s acquisition of 25 per cent of Manchester United FC, and further investment of $300 million in the club, has been approved by the Premier League Board following the completion of the Owners’ and Directors’ Test (OADT).

“The Board agreed to the change of the club’s ownership structure last week, and this has now been officially ratified by an Independent Oversight Panel.

“The Premier League’s Owners’ Charter has also been signed. This is the first acquisition of Control to be reviewed and approved by a new Independent Oversight Panel following changes to the process which were agreed by Premier League clubs in March 2023.

“The Premier League now awaits confirmation of the transaction’s completion.”

Ratcliffe completed the initial deal in December and has now passed the Premier League’s Directors’ and Owners’ test.

However, completion of the deal is expected next week, as the FA approval is still needed.

READ MORE  Transfer: Sofyan Amrabat agrees terms with EPL giants
You have to pay – Manchester City coach, Pep Guardiola tells transport official who wanted to take photos with him after giving him a ticket for parking on double yellows (video)
#EPL: You’ve set standard – Rio Ferdinand to Man United stars after Liverpool draw
Carabao Cup final: Prize money confirmed as Liverpool beat Chelsea 1-0
Piers Morgan calls Man.United coach Erik ten Hag a ‘complete idiot’ for ‘not being able to handle top players’
Solskjaer reveals some Man United players wanted to leave after he was appointed permanent manager
Share This Article
Facebook Email Print
Previous Article Gunmen kill four, Abduct At Least 40 In Northwest Nigeria
Next Article EPL: Petr Cech names team to win title between Man City, Arsenal, Liverpool
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Breaking News: Former Manchester United goalkeeper Ben Foster has given Mbeumo some surprising advice – stay away from Old Trafford and head north to London. Foster believes the Spurs environment is better suited
  • REPORTING LIVE FROM FABRIZIO ROMANO: Medical ongoing as Man United complete the shocking signing of £100m striker, Installmental payment to be made to enable Man United go for another two key signings – Amorim is happy with this signing as announcement ONGOING
  • BREAKING NEWS: “He Walked Into My Office Today…” – Kompany FUMES as Bayern Munich Star Agrees Personal Terms with Manchester United
  • Reports in Portugal claim that Arsenal have now made a formal offer for Victor Gyokeres that would exceed £51m with add-ons, but the bid is below what Sporting want for the striker
  • Mackenzie followers helped loved ones starve to death, the court told

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?