Premier League authorizes takeover as Everton and 777 Partners remain in uncertainty

The partial ownership of Manchester United by Sir Jim Ratcliffe has been accepted by the Premier

League.

Ratcliffe paid the Glazer family an estimated £1.25 billion for a 25% share in the Red Devils, with a

further £236 million to be invested. The Premier League’s Owners’ Charter has been signed and the

Owners’ and Directors’ Test has been officially approved by an Independent Oversight Panel.

The news arrives as Everton’s takeover by prospective owners 777 Partners is still to get Premier League

approval. It was confirmed on 15 September that the Miami-based firm would purchase majority owner

Farhad Moshiri’s 94.1% stake in the club.

There was hope that the takeover would be confirmed in the final quarter of 2023. However, it is still to

get official approval. 777 have loaned Everton in the region of £180 million in that interim period.

Premier League chief executive Richard Masters, speaking at a hearing of the culture, media and sport

committee on 16 January, said that a decision over 777’s proposed takeover was ‘hopefully weeks’ away.

He said: “Unfortunately some processes, if we haven’t had satisfactory answers to the questions we’ve

asked, take a lot longer.”

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