But isn't ratification a private notification to the club through lawyers? In the past have the FA made their own announcements?
I would imagine INEOS would want their PR people putting their spin on the full announcement with the confirmation that the FA checks have been successfully traversed as just being mentioned further down the press release.
I'm not sure exactly how the decision will be released - it makes sense that the league would inform the club of the decision beforehand. And maybe the club would then make a public announcement. I only meant that the process itself and the timing of it's completion is under the control of the league.
There's a good description of the three phases of the process here:
https://www.efl.com/governance/acquisition-of-control-the-owners-directors-test/
"First, there is the
Owners’ and Directors’ Test, an objective test where prospective owners and directors have to evidence the fact they are not subject to any disqualifying events. The disqualifying events are clear and set out in the Regulations.
Second, the Club and prospective owners must submit
Future Financial Information (FFI) to demonstrate how the Club will operate over the period ahead, from which any additional cash requirements to support the running of the Club can be identified.
Finally, any potential owner must demonstrate to the EFL the ultimate
Source and Sufficiency of Funding which will underpin the purchase and future operations. Or in simple terms, how much money they have and where it has come from.
Only once all Regulations are satisfied will the EFL issue clearance for any change of control."