The English Football Federation (FA) gave its approval to the purchase by British billionaire Jim Ratcliffe of 25% of Manchester United shares, one of the last obstacles in this process.
The Premier League, organizer of the English championship, already gave its approval on Monday night.
The entry into the capital of the club Ratcliffe It will be effective once the public period for submitting offers concludes, which was postponed from February 14 to 16.
Founder of the petrochemical giant Ineos, Ratcliffe, one of the richest people in the United Kingdom, reached an agreement just before Christmas with the Glazer family, the current owner of the club, to purchase 25% of the shares for £1,020 million, to which an additional 238 million will be added in investments in the entity’s infrastructure (for a total equivalent to about US$1,600 million) .
Fan since he was a child Manchester United, ‘Sir’ Ratcliffe, who already owns French side Nice and Swiss side Lausanne, will also be in charge of the sporting operations of the 20-time English champion.
Ratcliffe, The 71-year-old has already held several meetings with United officials, including their coach Eric ten Hag, as well as with fan groups and local elected officials.
According to the British press, the businessman plans an extensive remodeling of the current staff of the United, who have not won the Premier League since 2013.
Since the news was announced, the English team’s share price has increased by 9%, offsetting the 7% decline they had this Monday after Jim Ratcliffe will extend its takeover offer of up to 13.2 million shares until Friday.
After 24 days played, the Manchester United It occupies sixth place in the standings, 13 points behind leader Liverpool.
Ratcliffe and Ineos have multiplied their investments in sport in recent years, not only in football, but also in cycling (Ineos Grenadiers, former Team Sky), Formula 1 (participation in the Mercedes team) or even sailing. (Ineos Britannia).
Source: Ambito
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