Manchester United's potential partnership with Sir Jim Ratcliffe is one step closer to becoming a reality. The Premier League has given its approval for Ratcliffe to acquire a 25% stake in the club, marking a significant development in this proposed deal. The announcement came through an update filed by the club to the United States Securities and Exchange Commission (SEC), which ensures investor protection and market fairness.
While the Football Association's approval is still pending, sources have indicated that the process is progressing positively towards completion. United has extended the deadline for tender offers to A shareholders from February 14 to February 16, at 11:59 p.m. ET. With 36.7% of A shares already tendered, Ratcliffe has already crossed the threshold required for his 25% stake.
