The deal, worth about one point three billion dollars, is still subject to Football Association approval.
Owners the Glazer family will retain a majority stake in the club but Ratcliffe’s Ineos Group will take control of football operations.
Premier League approval is contingent on the deal being completed.
The deal is the first to be agreed under the Premier League’s updated owners’ and directors’ test, which was approved by member clubs in March 2023 and includes a review by an independent oversight panel.
Leave feedback about this