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Manchester Evening News
Manchester Evening News
Sport
Isaac Johnson

Premier League announces change to takeover rules amid Manchester United sale process

Manchester United the Premier League Jassim bin Hamad alThani Jim Ratcliffe Joel Glazer

The Premier League has banned fully-leveraged buy-outs of its clubs.

The Premier League announced the changes in its regulation on Wednesday following its Annual General Meeting, with all members unanimously agreeing to the change.

The decision comes amid Manchester United’s takeover process. The Glazer Family financed the majority of their £790m purchase of United in 2005 through loans, some being secured against club assets. The Owners’ and Directors’ Test was introduced by the Premier League a year earlier to ensure that buyers are ‘fit-and-proper’.

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