An official announcement of Sir Jim Ratcliffe's 25 per cent investment into Man United could still be made this week, but the saga now risks dragging into the New Year.
The Ineos billionaire is set to pay £1.25 billion to secure a quarter of the Premier League giants.
Ratcliffe will purchase 25 per cent of the A-shares listed on the New York Stock Exchange as well as 25 per cent of the Glazers' B-shares which have greater voting rights.
He is expected to then pump an additional £245m into the club to upgrade Old Trafford and Carrington.
Legal structural matters had led to confirmation of the deal being delayed, but there had been hope an announcement would come before the Christmas break.
Should the announcement not be made by Friday, confirmation would then be expected in the New Year.
Following the announcement, approval is expected to take around six to eight weeks.
Ratcliffe beat off competition from Qatar's Sheikh Jassim bin Hamad al Thani, who pulled out of what was a two-horse race for the Premier League giants in October.
More than a year has now passed since the Glazers said they were seeking investment and open to a full sale.
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