Manchester United have received regulatory approval from the Premier League for Sir Jim Ratcliffe's investment in the club. United are still awaiting approval from the Football Association but club sources say the process is proceeding positively towards completion.
The deadline for the tender offer to Class A shareholders has been extended from February 14 to February 16. 36.7% of the Class A shares have been tendered for sale so far, which exceeds the 25% Ratcliffe, chairman of the Ineos Group, has offered to purchase.
Ratcliffe, 71, has held three rounds of meetings in Manchester and United staff have also travelled to his home in Monaco as Ineos continue their audit of the club. EXCLUSIVE: United delaying contract decisions ahead of planned Ineos changes EXCLUSIVE: United yet to make key Old Trafford decision United have already prised Omar Berrada from Manchester City to become their chief executive in the summer.
Berrada, Ineos sporting director Sir Dave Brailsford and Ineos sporting chief executive Jean-Claude Blanc are expected to be the most visible figures of the new hierarchy.