Sir Jim Ratcliffe’s acquisition of a minority stake in Manchester United is expected to be ratified during the international break, talkSPORT understands.
Ratcliffe has agreed to pay £1.25billion for a 25 percent shareholding with a pledge of £245million additional funds to improve the club’s infrastructure.
United’s owners the Glazers announced they were considering selling the club last November and have since received offers from Ratcliffe’s Ineos and Qatar’s Sheikh Jassim bin Hamad Al Thani.
Bids were tabled in the region of £5bn but neither offer was deemed acceptable by the Americans.
Sheikh Jassim pulled out of the bidding process in October after claiming his final bid for 100 percent control of the club had not met the Glazer’s valuation.
Conversely, Ratcliffe’s initial plan was to buy the Glazers’ 69 percent shareholding but reduced it to a majority stake in the club.
But a further reduction to 25 percent appears to have increased the chances of an agreement although the final details are still unclear.
Ratcliffe is a British billionaire, founder of petrochemicals firm Ineos and self-confessed Manchester United fan.
Ineos already own French league leaders Nice and Swiss outfit Lausanne Sports whilst boasting further ventures in sailing with team Ineos Britannia, led by Sir Ben Ainslie.