The Premier League has approved Sir Jim Ratcliffe’s proposed bid to buy a minority stake in Manchester United.

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.

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