Manchester United share price latest as Sir Jim Ratcliffe update given

Manchester United’s share price on the New York Stock Exchange rose by almost nine per cent on Tuesday after the Premier League confirmed Sir Jim Ratcliffe’s minority investment had been ratified.

The value stood at $21.05 when the market opened and initially dipped before reaching as high as $21.55 in the hours after the announcement. The price then sank but stabilised in the period before close, finishing on $21.31.

The value is actually 10.69 per cent lower than it was this time last year, just before both Ratcliffe and Sheikh Jassim bin Hamad Al-Thani formally submitted their United takeover bids. Ratcliffe’s investment is not seen as exciting as the ultimately-withdrawn proposal initially put forward by Al-Thani, with traders acting accordingly.

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The Qatari banker had submitted a takeover bid for 100 per cent of the club while Ratcliffe had sought a 69 per cent majority share before pivoting towards his minority stake. The Glazers green-lighted the INEOS chief's arrival on Christmas Eve before the £1.3billion stake purchase was put through Premier League regulatory tests.

On Tuesday, the league announced Sir Jim Ratcliffe had passed its Owners' & Directors’ Test with the FA also soon to approve the investment. Ratcliffe has not rested on his laurels during the seven-week interim period.

He was briefed on January’s transfer dealings and is widely assumed to have been behind the appointment of Omar Berrada as CEO. INEOS is targeting Newcastle United chief Dan Ashworth as their next sporting director with question marks over John Murtough's future in the role.

Right-hand man Sir Dave Brailsford, a long-time