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Man Utd: Sir Jim Ratcliffe strikes major Glazers agreement as details of meeting emerge | Football | Sport

Sir Jim Ratcliffe has taken a significant step towards completing his £1.3billion investment in Manchester United after an extraordinary general meeting between the club’s shareholders on Monday. A SEC filing has revealed the details of the meeting, during which Ratcliffe’s voting power at Old Trafford was confirmed.

The 71-year-old tycoon is awaiting Premier League ratification on the deal that will see INEOS inherit total control of the club’s football operations and also an influence in commercial matters.

Ratcliffe’s 29 per cent stake in United is reportedly unlikely to become official this week as the Premier League dots the i’s and crosses the t’s in the complex agreement.

But that confirmation is expected by mid-February when he can accelerate plans to overhaul his lifelong club on the pitch and off it in search of restoring success.

On Tuesday, a published SEC filing revealed that a significant shareholders meeting regarding Ratcliffe’s investment had taken place at the start of the week.

The holders of 1,133,983,149 votes of the United’s Class A ordinary shares and Class B ordinary shares were present in person or represented by proxy.

And those present voted in favour of allowing Ratcliffe to take B shares – which hold enhanced voting power at Old Trafford – in a significant step towards the conclusion of a 15-month strategic review process.

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