The Football Association has approved the acquisition of a 25% share in Manchester United by British billionaire Jim Ratcliffe.
The Premier League had supported Ratcliffe's deal on Monday night, and now the FA has also approved his investment.
Ratcliffe is getting closer to securing his spot in the Old Trafford boardroom, as evidenced by a US Securities and Exchange Commission statement that the FA's approval "has already been obtained."
Ratcliffe's investment is contingent upon completing the tender offer for Class A shares, after which he will assume management of the football operations at the 20-time English champions.
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The time frame for Class A shareholders to tender their shares for sale has been extended from February 14 until February 16 at 23:59.
On Christmas Eve, it was revealed that INEOS chairman Ratcliffe had agreed to pay the controversial Glazer family approximately £1.02 billion ($1.3 billion) for a 25% stake in United.
In addition, Ratcliffe plans to spend an additional £238 million on the club's infrastructure.
As the investment draws closer to completion, the 71-year-old has recently held several meetings with club employees and associates.
Ratcliffe has spoken with senior Trafford Council representatives, Greater Manchester Mayor Andy Burnham, and the independent Manchester United Supporters' Trust leaders.
Last week, the boyhood United supporter was also present at the Munich air disaster memorial.
According to reports, Ratcliffe already has plans to oversee a team overhaul for United following a challenging season for a team that last won the Premier League in 2013.
