Sir Jim Ratcliffe gives Premier League approval over Manchester United's actions | manchester united
Sir Jim Ratcliffe's purchase of 25% of Manchester United has been ratified by the Premier League and, although the Football Association is yet to complete its part of the process, this is considered a formality.
Any new owner or director of a first division The club has to pass the owners and directors test of the governing body. It is understood that Ratcliffe has done so.
Regarding the test, the PL states: “The Owners and Directors Test outlines the requirements that would prohibit an individual from becoming an owner or director of a club. “These include criminal convictions for a wide range of offences, a ban by a sporting or professional body, or breaches of certain key football regulations such as match-fixing.”
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The FA also has to ratify Ratcliffe's purchase, but no obstacles are expected, as is the case with the A shareholders, who have until Friday to reject the 71-year-old's offer of $33 per share. While Ratcliffe's purchase is capped at 25% of the A shares, 36.7% of the A shares have been offered for sale.
