EPL

FA approves Sir Jim Ratcliffe’s Man Utd stake purchase as deal nears completion

By Sports Desk February 14, 2024

The Football Association has approved Sir Jim Ratcliffe’s purchase of a 25 per cent stake in Manchester United.

Confirmation that the Premier League had given its backing to the deal was contained within an update to the Securities and Exchange Commission on Monday evening.

A further SEC update has now revealed that approval from the FA has also been obtained as completion edges closer.

Within an amended tender offer statement published on Wednesday afternoon came confirmation that the national governing body’s approval “has already been obtained”.

The green light from the FA is one of the last remaining steps but the deal cannot be completed until the tender offer for Class A shares is finalised.

The period in which holders of Class A shares can tender them for sale has been extended from February 14 until 23:59 on February 16.

Related items

  • Guardiola suggests Man City's recent form played part in signing new contract Guardiola suggests Man City's recent form played part in signing new contract

    Pep Guardiola suggested Manchester City's run of four successive defeats was part of the reason for his contract extension.

    The 53-year-old recently signed a two-year deal, which will run out in 2027, ending months of speculation about his future after his contract had been due to run out at the end of the campaign.

    Following a 2-1 defeat to Brighton before the international break, Guardiola's side have lost each of their last four matches in all competitions for the first time in his managerial career.

    "I felt I could not leave now. Maybe the four defeats was why," he told the club's website.

    "I think we deserve, after four defeats in a row, to bounce back and try to turn the situation. I think we deserve to be here. I am not arrogant to say, but it's the truth."

    Guardiola has led Manchester City to 18 major trophies during his nine-year stint at the club and posted a 72% win ratio.

    He added that he was determined to help the club get back to a state where they are "more stable and more consistent".

    "We have to recover that because right now we don't have it and that's the target we have to do," he said.

    City chairman Khaldoon Al Mubarak added: "Like every City fan, I am delighted that Pep's journey with Manchester City will continue, allowing his dedication, passion and innovative thinking to continue to shape the landscape of the game.

    "His hunger for improvement and success remains insatiable and the direct beneficiaries of that will continue to be our players and coaching staff, the culture of our club, and the English game at large."

  • Leicester's Fatawu ruled out for rest of season with ACL injury Leicester's Fatawu ruled out for rest of season with ACL injury

    Leicester City manager Steve Cooper confirmed Abdul Fatawu will miss the rest of the season.

    The 20-year-old sustained an anterior cruciate ligament injury (ACL) while playing for Ghana against Angola during the international break.

    Fatawu has featured in all 11 of Leicester's Premier League matches so far this season and has registered two assists.

    No Leicester player has attempted (61) or completed (29) more dribbles than him, while his 30 crosses is also a team-high in the top-flight this season.

    "It's not good, it's a serious injury," said Cooper ahead of their match against Chelsea on Saturday.

    "It's a real blow, first and foremost for him, being a young player and having an injury as serious as what an ACL is.

    "Albeit, it can be quite common in sport, and in particular football, but it's still a serious injury.

    "For it to happen at a young age is a blow for him and a blow for us as well.

    "He's obviously a big talent and a young player, as exciting as he can be at his age, with lots to learn.

    "It's only a pause, and we will make sure, as difficult as it is at the moment for him, that he comes back being a stronger player and person, which, with the mentality and character that he has, I think will be the case."

  • Arsenal qualifying for Champions League quarter-finals feels 'surreal', says Slegers Arsenal qualifying for Champions League quarter-finals feels 'surreal', says Slegers

    Renee Slegers says it feels "surreal" that Arsenal have secured their place in the Champions League quarter-finals with two games to spare.

    The Gunners will finish at least second in Group C after Lina Hurtig's late strike secured a 1-0 win over Juventus on Thursday.

    What looked to be a frustrating encounter was turned around by Slegers' substitutions, and after missing a glorious chance, Hurtig was eventually the difference at the Emirates.

    Arsenal created 3.69 expected goals (xG) from their nine shots, getting three on target, compared to just 0.5 for Juventus, who tested Daphne van Domselaar the same amount of times.

    Slegers was impressed by her side's resilience as they pushed to come away with all three points.

    "It's surreal to be honest," Slegers said post-match. "I never felt we would get into this situation. We have done really well.

    "I was part of Jonas [Eidevall's] staff and there was so much that was built during his time. I don't want to separate that. There is so much we are still building on. It's surreal in so many ways but we are very happy.

    "I'm just happy for the team to win. Obviously, we have amazing depth in the squad, and we know anyone can do it for us - whether it's starting players or finishing players.

    "It's the visualisation of how much everyone contributes in the team. I think that's what it means for us."

    Slegers took over as interim manager following Jonas Eidevall's departure last month and has gone unbeaten in her first seven games, winning six and drawing one.

    They have won each of their last five in all competitions, and have not conceded a goal in their previous four matches.

    "It was just a very impressive block of the team," Slegers said. "We conceded only one goal during this whole block, so defensively very solid.

    "The players have been stepping up big time, they've been owning this; we tried to relay it back to them all the time, so giving them the ownership.

    "I'm just very happy with how the block has been, different challenges along the way, so all games have asked something different from us. We've responded to that really well, sticking to our identity but also playing the game that's ahead of us."

© 2024 SportsMaxTV All Rights Reserved.