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Premier League Approve Ratcliffe Acquisition Of 25% Stake Of Man United

BREAKING: Premier League Approve Ratcliffe Acquisition Of 25% Stake Of Man United, Club Waiting On FA Green Light

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BREAKING: Premier League Approve Ratcliffe Acquisition Of 25% Stake Of Man United, Club Waiting On FA Green Light—-The Premier League has approved Sir Jim Ratcliffe’s proposed bid to buy a minority stake in Manchester United; United also expect clearance from the Football Association as Ratcliffe, who is the owner of INEOS, closes in on completion of his deal to buy 25 per cent of the club.

In a filing to the Securities and Exchange Commission on Monday, United said it had already been granted approval under its rules over who is allowed to be an owner or director of a football club.

United also said it expected clearance from the Football Association as British billionaire Ratcliffe, who is the owner of multinational chemicals company INEOS, closes in on completion of his deal to buy 25 per cent of the club.

Premier League rules disqualify people from becoming owners or directors for reasons such as criminal convictions, sporting bans or involvement in other clubs.

Ratcliffe agreed a deal to buy a stake in United in December and his tender offer for 25 per cent of the Class A shares traded on the New York Stock Exchange has been extended until midnight on Friday night.

The offer, which is part of Ratcliffe’s deal to become the minority owner of Manchester United, was originally due to expire at midnight on Tuesday.

It was announced on Christmas Eve that the INEOS chairman had agreed to buy a 25 per cent stake in the Premier League club in a deal that included investing $300million US dollars (£238m) into their infrastructure.

As well as buying Class B shares held by the Glazer family, the announcement confirmed that Ratcliffe would offer to acquire up to 25 per cent of all Class A shares at a price of 33 US dollars (£26) per share.

Ratcliffe will provide $200m upon completion of the deal and a further $100m by the end of 2024. That additional investment will eventually take Ratcliffe’s stake up to 29 per cent. Owners, the Glazer family, will have a 49% stake under the deal

As part of the deal, Ratcliffe’s INEOS Sport division will take over control of United’s football operations after more than a decade since the club won the Premier League title.

He has met leaders of the independent Manchester United Supporters’ Trust and spoken with local leaders, including senior representatives of Trafford Council, and Greater Manchester mayor Andy Burnham.

He was also among those in attendance at the Munich Air Disaster memorial last week.

Ratcliffe is reportedly already planning to lead an overhaul of United’s playing squad.

The 71-year-old was a boyhood United fan and last month described his proposed investment as the most exciting deal he has done in his career.

“I have done a few exciting things, but there is no question (about that),” he said.

Under the filing, more details were provided about Ratcliffe’s personal wealth which said his “liquid assets (primarily consisting of cash and readily marketable securities) were in excess of $4bn. It said his net worth was “significantly in excess of those liquid assets”.

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BREAKING: Cristiano Ronaldo Breaks Silence on Portugal Exit, Accuses Jorge Jesus of Breaking His Word

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BREAKING: Cristiano Ronaldo Breaks Silence on Portugal Exit, Accuses Jorge Jesus of Breaking His Word—-The 41-year-old Portugal captain apologised for leaving the national-team camp but said he remains available for selection after serving any punishment imposed by the Portuguese Football Federation.

Cristiano Ronaldo has broken his silence over his controversial departure from the Portugal national team camp, accusing head coach Jorge Jesus of breaking his word twice and revealing the circumstances that led him to walk away from the squad.

In a lengthy statement released on Tuesday, October 6, Ronaldo gave his own account of the dispute, while also apologising to his teammates and Portuguese supporters for leaving the camp ahead of Portugal’s Nations League fixture against Denmark.

Despite the fallout, Ronaldo made it clear that he has not walked away from international football and remains willing to represent Portugal again.

“If I’m physically fit, playing for my club and scoring goals, after serving whatever suspension is imposed on me, I’ll be available, as I have always been until now, to compete and win for our national team,” Ronaldo said in his statement.

Ronaldo Reveals What Happened

According to Ronaldo, his initial discussions with Jorge Jesus were centred on managing his workload because of his fitness.

The Portugal captain said Jesus had originally agreed that he would miss the matches against Norway and Denmark as part of a plan to manage his physical condition.

However, Ronaldo claimed that shortly before the Norway match, Jesus told him he would play for approximately 30 minutes.

Ronaldo said he subsequently warmed up from halftime but was never introduced.

“Everyone knows the rest. I warmed up from halftime onwards, watched the minutes tick by and wasn’t called on,” Ronaldo said, describing the incident as the first occasion when Jesus had broken his word to him.

The forward said the situation became even more difficult after a subsequent meeting involving Jesus and Al Nassr sporting director Simao Coutinho.

Ronaldo said they agreed that Jesus would publicly clarify the circumstances surrounding his decision not to use him against Norway.

An eight-point document was reportedly prepared, with Ronaldo saying it made clear that he had never demanded playing time, had respected the coach’s decisions and that asking him to warm up without eventually introducing him had been a mistake.

However, Ronaldo claimed that Jesus’ subsequent public comments did not reflect the agreement they had reached privately.

He therefore accused the coach of breaking his word for a second time.

“It was the second time he had broken his word to me,” Ronaldo said. “I decided to leave the training camp without waiting for any further broken promises.”

Ronaldo Apologises to Portugal

Ronaldo also accepted responsibility for his decision to leave the squad.

The veteran forward apologised to his teammates for abandoning the training camp and admitted that his position as Portugal captain made the incident more serious.

“I owe an apology to my national team teammates for having left the camp,” Ronaldo said.

He also apologised to Portuguese supporters for failing to greet them following the Norway match.

However, Ronaldo insisted that he believed leaving was ultimately the right decision after he felt his continued presence could negatively affect the team.

He said he was prepared to accept whatever disciplinary action the Portuguese Football Federation decides to impose.

“The consequences of my actions must be assessed and punished by the Portuguese Football Federation,” he stated.

Ronaldo Rules Out a Permanent Exit

Despite the controversy, Ronaldo insisted that his future with Portugal remains open.

The five-time Ballon d’Or winner rejected the suggestion that he was simply seeking a farewell appearance before permanently ending his international career.

He said Portugal may eventually organise one or more farewell matches, but stressed that his immediate priority remains competing for the national team rather than simply receiving a ceremonial goodbye.

Ronaldo’s statement therefore leaves the door firmly open for a return once any suspension has been served.

“I will be available, as I have always been until today, to compete and win for our national team,” he said.

Jorge Jesus Gives a Different Account

Ronaldo’s version of events has not gone unchallenged.

Jesus previously denied that he had reached the specific agreement described by Ronaldo, while also making clear that the door to a return remained open.

The Portugal coach has maintained that Ronaldo can return to the national team if he wants to, leaving the next step largely in the player’s hands.

The Portuguese Football Federation had not immediately issued a response to Ronaldo’s latest statement.

Ronaldo’s Portugal Future

The dispute comes at a delicate stage of Portugal’s international campaign, with the team progressing under Jesus while Ronaldo’s future remains uncertain.

Ronaldo’s latest statement, however, removes one major question: he has not closed the door on Portugal.

At 41, the veteran captain remains determined to contribute whenever he is fit and selected, even after acknowledging that his decision to leave camp could result in disciplinary punishment.

For now, the focus shifts to the Portuguese Football Federation, which must decide whether Ronaldo will face a suspension and how the latest dispute will affect his relationship with Jesus and the national team.

Ronaldo’s message was ultimately clear: the departure was a consequence of what he described as a breakdown of trust — but it was not a declaration that his Portugal career is over.

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Manchester City Found Guilty of 114 Financial Charges as Sanctions Remain Undecided

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Manchester City Found Guilty of 114 Financial Charges as Sanctions Remain Undecided—-An independent commission has reportedly ruled against Manchester City on all but one of the Premier League’s financial charges, but sanctions are yet to be decided as the club prepares to appeal.

Manchester City have reportedly been found guilty on 114 of the 115 financial charges brought against them by the Premier League, according to reports from The Athletic and The Times, in a major development that could have significant consequences for English football.

The verdict comes more than three years after the Premier League formally charged Manchester City following a lengthy investigation into the club’s finances.

An independent commission is understood to have reached its decisions on the allegations, which cover several seasons dating back to the 2009-10 campaign. City have consistently denied wrongdoing throughout the case.

However, no sanction has yet been decided.

Reports indicate that Manchester City are expected to appeal the findings, meaning the long-running case is now moving into another stage. Sky Sports reports that the process is moving towards an appeal, while the Premier League has declined to comment because the proceedings remain private and confidential.

What Were Manchester City Accused Of?

The Premier League’s original case against City included allegations that the club failed to provide accurate financial information over a nine-year period.

The charges included alleged failures to accurately report revenue, operating costs and sponsorship income, as well as allegations concerning payments made to players and managers.

The Premier League also accused City of breaches relating to UEFA’s Financial Fair Play regulations and its own Profitability and Sustainability Rules.

A separate set of allegations concerned the club’s alleged failure to cooperate with the Premier League’s investigation.

The case was formally referred to an independent commission in February 2023 after a Premier League investigation that lasted several years.

City Maintain Their Position

Manchester City have repeatedly rejected the allegations and continue to maintain their position that the process has not yet been completed.

Following reports of the verdict, a City spokesperson said the Premier League process remains ongoing, with significant elements still to be completed and subject to strict confidentiality. The club also reiterated its previous position from February 2023.

The Premier League has also refused to publicly confirm the reported findings.

A league spokesperson told Reuters: “It’s a confidential process, we’re not commenting at all.”

Sanctions Yet to Be Decided

Despite the reported guilty findings, Manchester City have not been punished at this stage.

The exact sanctions, if any, will depend on the next stage of the proceedings. Possible punishments discussed during the case have included financial penalties and sporting sanctions, but no specific punishment has been confirmed.

That means there is currently no confirmed points deduction, relegation, expulsion or stripping of previous titles.

Any such outcome would have to come through the formal disciplinary process and could also be affected by City’s expected appeal.

Appeal Could Extend the Case

The reported verdict is therefore not necessarily the final word on the matter.

Manchester City are expected to challenge the findings, with Sky Sports reporting that the inquiry is moving towards the appeal stage.

The original hearing lasted 12 weeks, concluding in December 2024, after which the independent commission spent considerable time considering the extensive evidence.

The case has become one of the most significant financial disputes in Premier League history, with the outcome potentially affecting the club’s sporting and financial standing.

For now, the key development is the reported 114 guilty findings from 115 charges.

But with sanctions still undecided, the verdict not publicly released by the Premier League and an appeal expected, Manchester City’s lengthy financial case is far from over.

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