Manchester United’s share price on the New York Stock Exchange rose by almost 9% on Tuesday after the Premier League approved Sir Jim Ratcliffe’s minority investment.
The value stood at $21.05 when the market opened and initially dipped before reaching as high as $21.55 after the announcement.
A formal announcement is expected once the deal is fully completed later this week.
The price finished on $21.31.
Ratcliffe has now passed the FA’s Owners’ & Directors’ Test so there shouldn’t be anymore delays.
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