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The Premier League has approved Sir Jim Ratcliffe's proposed bid to buy a minority stake in Manchester United.
Sir Jim Ratcliffe has finally received approval from the Premier League to purchase a 25% stake in Manchester United, after more than a year since signalling an interest.
The deal, worth about £1.03bn,is still subject to Football Association approval.
Jim Ratcliffe edges closer to Man Utd dream
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The Glazer family will retain a majority stake in the club but Ratcliffe's Ineos Group will take control of football operations.
"The Premier League now awaits confirmation of the transaction's completion," the league said in a statement, while confirming Ratcliffe, 71, has also signed the owners' charter.
Ratcliffe's deal is good news for United supporters all over the globe and it includes £236m set aside for future investment into the club's Old Trafford stadium, which has fallen behind some of the more modern facilities in Europe.
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