Sir Jim Ratcliffe’s deal has gained Premier League approval (Photo by Ash Donelon/Manchester United via Getty Images)
Sir Jim Ratcliffe’s 25% stake in Manchester United has gained approval by the Premier League.
The British billionaire has had his £1.3bn investment approved by the Premier League, meaning Ratcliffe has passed the ‘owners’ test’.
However, in order for the investment to be completed entirely, Ratcliffe is waiting for FA approval which is required for the club’s participation in the Women’s Super League.
Nevertheless, Premier League approval was a significant hurdle in Ratcliffe’s partial ownership bid.
Ratcliffe had pencilled in mid-February for Premier League approval, meaning his bid for 25% ownership is on course.
But INEOS have wasted no time getting to grips with life at Old Trafford.
Jim Ratcliffe is already getting to work (Photo by Manchester United/Manchester United via Getty Images)
Omar Berrada has been appointed the club’s CEO, with United appointing the Spaniard from rivals Manchester City.
INEOS, who are currently conducting an audit of the club, will appoint a Sporting Director and a head of recruitment.
A decision over Erik ten Hag’s future will be made at the end of the season.
United moved to within five points of Aston Villa in 5th on Sunday with a 2-1 win against Unai Emery’s side.
For more stories like this, check our sport page.
Follow Metro Sport for the latest news on Facebook, Twitter and Instagram.
Manchester United news, exclusives and analysis