Premier League validates the purchase of part of Manchester United by Jim Ratcliffe and Ineos. Ratcliffe, the English billionaire and president of IneOS, will now be able to seize sporting power among the Red Devils.
After years of protest by supporters against the Glazer family, who still own a majority of the club, this change in ownership was to herald the opening of a new era at Manchester United. The board of directors agreed to change the club's shareholding structure last week.