Sir Jim Ratcliffe one step away from completing Manchester United investment
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.
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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.
Sporting a maroon club tie, Ratcliffe attended a memorial service on the 66th anniversary of the Munich air disaster at Old Trafford last week.
Ratcliffe was stood next to Manchester Mayor Andy Burnham, who told the Manchester Evening News the club have not decided whether to rebuild or revamp Old Trafford.
"The first thing I would just say is it's good to be able to have a conversation about the future and how we might support the club's ambitions," Burnham said. "It's for them to decide what those ambitions are and what they want to do. And it's not for me to cut across those discussions in any way.
"What I can say, though, is it