Manchester United takeover latest as Sir Jim Ratcliffe 'eyes first signing' amid Premier League update

Sir Jim Ratcliffe will have to wait a little longer for his 25 per cent investment in Manchester United to become official.

The 71-year-old has been granted approval from the Premier League for his investment in the Reds, having first struck a deal with the club back in December, but is now just waiting for the FA to sign off on the deal. Ratcliffe has been seen at Old Trafford since the New Year and will be hopeful his deal can soon be wrapped up, enabling him to turn his attention to addressing priority issues.

Below is a round-up of the latest news relating to the INEOS chief and his involvement with United.

READ MORE: Manchester United yet to make key decision on Old Trafford

READ MORE: Manchester United delaying contract decisions ahead of Ineos changes

Manchester United have released an update on Sir Jim Ratcliffe's 25 per cent investment in the club.

INEOS Sport officially announced that it had agreed to purchase a minority stake in the football club in December. Ratcliffe has already attended a Premier League game at Old Trafford and made a number of decisions off-the-pitch, but the takeover remains subject to FA approval.

The deadline for the takeover, which will see Ratcliffe purchase 13,237,834 shares of United, was originally set for midnight on February 14 Eastern Standard Time given United shares trade in New York. However, the club have confirmed that the INEOS owner has had his deadline extended to midnight on February 17.

For further details, click here.

The Premier League has confirmed Sir Jim Ratcliffe's acquisition of 25% of Manchester United has been approved following the completion of the Owners' and Directors' Test.

Ratcliffe is now on the verge of securing a stake in United worth £1.3