Manchester United Shareholders to Decide on Ratcliffe's $300 Million Offer

Sir Jim Ratcliffe’s acquisition of a 25% stake in Manchester United has been approved by the Premier League following the owners’ and directors’ test. The deal also includes an additional investment of $300 million in the club. The approval by the league’s board has been officially ratified by an independent oversight panel. 

The Football Association is yet to complete its part of the process but no obstacles are anticipated. The purchase is the first case reviewed and approved by the oversight panel since changes were agreed upon by clubs in the previous year. The FA’s ratification is expected to be announced next week. United’s A-shareholders have until Friday to accept or refuse Ratcliffe’s offer of $33 per share.