Manchester United Football Club could finally be sold by its American owners after a 17-year reign dominated by fan protests and declining on-pitch performance.
Sky News can exclusively reveal that the Glazer family is preparing to formally announce its intention to examine potential sources of outside investment that could include a full-blown auction of arguably the world’s most famous football club.
Sources said on Tuesday that investment bankers were being instructed by Manchester United‘s owners to advise on the process, which is likely to include a full or partial sale, or strategic partnership with third parties.
A statement confirming their intentions could come imminently, one of them said.
The announcement of a review of financial options that could include a sale process would signal an end to years of speculation over whether the Glazers might be persuaded to offload a club which for the past decade has experienced an almost-unmitigated footballing decline.
The Old Trafford side has not won the Premier League title since 2013, and has sacked a succession of managers in the aftermath of the retirement of Sir Alex Ferguson.
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More recently, the club has become embroiled in a bitter legal fight with Cristiano Ronaldo, its best-known player, over an interview in which he questioned United’s ambition and lambasted the Glazers’ approach to owning it.
On Tuesday, United announced that Mr Ronaldo had left “with immediate effect”.
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It remains possible that the family, which took control of United in 2005 in a £790m deal largely funded by debt, opt not to sell.
A partial sale to new investors, with capital being raised to fund an overdue redevelopment of Old Trafford, is one potential outcome from the process.
Image: Manchester United fans protest ahead of the Liverpool match at Old Trafford in August 2022
The Glazers have acknowledged the need for new infrastructure investment to transform the stadium into a genuinely world-class venue, while substantial funds are also required to enable the men’s team to compete once more at the top of the European game.
If United was sold outright, it would be the latest top-flight club to change hands, after Roman Abramovich agreed a £2.5bn sale of Chelsea to a consortium led by the American businessman Todd Boehly earlier this year.
United’s valuation in a sale would inevitably exceed the roughly $2.15bn market capitalisation implied by its share price during Tuesday’s trading session on the New York Stock Exchange.
Reports in recent months have speculated that any transaction would need to value the club at anywhere between £5bn and £9bn to persuade the owners to sell.
The Glazers listed a minority stake in the company in 2012 but retained overwhelming control through a dual-class share structure which means they hold almost all voting rights.
For more than 18 months, the club has been promising to introduce a modestly sized supporter ownership scheme that would give fans shares with the same structure of voting rights as the Glazers.
The initiative has, however, yet to be launched despite a pledge to have it operational by the start of the 2021-22 season.
It was one of a number of commitments made by Joel Glazer, United’s co-chairman, in the wake of the European Super League (ESL) debacle, in which the club played a pivotal role.
Manchester United was one of six Premier League teams to agree to join the project, which collapsed within hours of its official launch amid public and political acrimony.
In May 2021, Red Devils fans forced the postponement of a home match against rivals Liverpool after protesting against the ESL and the Glazer family.
“Love United, Hate Glazers” has become a familiar refrain during their tenure, with supporters critical of a perceived lack of investment in the club’s infrastructure while the owners have extracted hundreds of millions of pounds-worth of dividends as a result of its continued commercial success.
If a formal sale process is initiated, attention will turn to the identities of potential buyers.
Sir Jim Ratcliffe, the Ineos billionaire who has supported United since childhood, said in August that he was keen to buy the club but has since suggested that English football’s elite names are overvalued.
Billionaires from around the world will be linked to bids, as will sovereign investors seeking to emulate the kinds of takeovers seen at Newcastle United – now owned by Saudi state-backed investors – and Paris St Germain, which is Qatari-owned.
There will also be speculation that the Red Knights, a consortium led by former United director and leading economist Lord O’Neill, could revive an attempt initiated in 2010 to take control of the club.
Significantly, the prospective auction of Manchester United comes as Fenway Sports Group, the owner of Liverpool, also weighs selling all or part of the Anfield club.
Simultaneous sale processes for two of English football’s so-called ‘big six’ – the others being Arsenal, Chelsea, Manchester City and Tottenham Hotspur – would be unprecedented.
One analyst said the timing suggested that some investors believed the value of top clubs could be approaching its peak, especially against a backdrop of tough global economic forecasts for the coming years.
United’s announcement is also likely to be made during a World Cup fuelled by Gulf petrodollars, underlining the shifting financing of the global football industry.
The 19-year-old woman who died after she was attacked by a dog at a flat in Bristol on Wednesday has been named as Morgan Dorsett from Shropshire.
Two people – a man and a woman both aged in their 20s – have been arrested over the attack and have been released on conditional bail.
Initial reports suggested the dog may be an XL bully, but confirming the breed will form part of the police assessment process, according to Avon and Somerset Police.
It was sedated and seized by officers.
Image: An XL bully. File pic: PA
Ms Dorsett’s family thanked the public for their support and those who have left flowers near the scene.
Officers were called to an incident in the Hartcliffe area of Bristol at 7.19pm on Wednesday.
Paramedics and police officers attended but Ms Dorsett died at the scene.
Image: Ms Dorsett. Pic: Avon and Somerset Police
On Thursday, Inspector Terry Murphy said: “Our thoughts, first and foremost, are with the family of the young woman who’s tragically died as a result of yesterday evening’s incident. They have been updated and will be supported by a family liaison officer.
“I’d also like to thank the officers and paramedics who attended yesterday evening and tried to save her life. Support is in place for them.
“A full investigation is now well under way to establish the full circumstances of the events that led to her death.”
Bargain Hunt auctioneer Charles Hanson has been cleared of coercive control and assault allegations relating to his wife.
The 46-year-old was accused of being violent towards Rebecca Hanson over an eight-year period.
The charges were brought after he was arrested in June 2023.
The TV auctioneer, from Mackworth, Derby, denied controlling or coercive behaviour spanning from 2015 to 2023, assault occasioning actual bodily harm, and assault by beating. The two assault charges related to incidents in 2015 and 2023.
During the trial, Hanson claimed his wife had controlled him. He told the court he was “almost a slave” to her, saying she left him “a beaten and broken man” by controlling him and making him subservient towards her.
She had claimed her husband was violent towards her and put her in a headlock in 2012, while she pregnant with a baby she later lost.
Mrs Hanson also alleged her husband repeatedly “grabbed” her, scratched her as she tried to snatch a mobile phone and pushed her twice during a row.
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Image: Hanson outside the court with his parents today. Pic: PA
The auctioneer told the court his wife was allowed “to do what she wanted” but had experienced “moments and episodes” including one which saw her claim his legs being crossed amounted to abuse.
Jurors deliberated for around four and a half hours before delivering not guilty verdicts on all charges.
As the verdicts were returned, Hanson smiled at his parents, who were sat in the front row of the public gallery at Derby Crown Court, and gave them a thumbs-up.
After thanking the jurors for their care in considering the case, Judge Martin Hurst told Hanson: “You have been found not guilty. That is the end of the case. You will hear no more about it and you are free to go.”
The TV star’s parents wept and hugged their son after he was discharged from the dock.
Hanson ‘relieved this is all over’
Image: Hanson speaks to media after the verdict. Pic: PA
Speaking to reporters outside the court, Hanson said: “I’m delighted that after a year and a half the truth has finally come out.
“I can finally live my life again. I feel this burden has finally been lifted.”
“It has been a tormentuous time and all I want now is to readjust to what has been such an ordeal,” he continued. “I am so relieved that this is all over.”
As well as regularly featuring on Bargain Hunt, Hanson has appeared on Flog It! and Antiques Road Trip.
A self-described “monster” who beat a top chef to death near Notting Hill Carnival has been jailed for life.
Omar Wilson repeatedly punched and kicked Mussie Imnetu during an altercation outside a restaurant in Queensway, west London,on 26 August last year.
Wilson, 31, then left the scene to go clubbing.
Mr Imnetu, 41, who worked under star chefs Gordon Ramsay and Marcus Wareing, died in hospital four days later, without regaining consciousness.
Image: Mussie Imnetu. Pic: Metropolitan Police
Sentencing Wilson to a minimum 18 years, Judge Philip Katz said Mr Imnetu’s “brutal” killing was “abhorrent”.
“Mussie and those who loved him are the victims in this case and the impact on them of his murder has been severe,” he said.
“Mussie was defenceless on the ground when you punched and kicked him to death.”
He continued: “You could not control your temper. Only a few seconds after punches were aimed by both of you you tripped Mussie and he fell to the ground and you could have walked away.
“As he knelt you rained further punches down on his head. You could have walked away.
“However, you stood up, raised your leg and kicked him hard to the head. Kicking someone to the head when they are defenceless on the ground is abhorrent.”
Image: CCTV footage of Omar Wilson at a security point after the assault. Pic: Metropolitan Police
Mr Imnetu’s wife, Linda, described her husband as “respected, admired and loved” in a pre-recorded victim impact statement played in court.
“Mussie didn’t just leave behind a legacy for his family, he left an indelible mark on his workplace and community,” she said.
“Nothing can undo what has been taken from us. I ask the court to remember the man Mussie was: his character, his integrity and the life he built; not just the circumstances of his passing.”
An audio recording of Mr Imnetu’s six-year-old son wishing his “daddy” goodbye was also played in court, which the judge called “heart-rending”.
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CCTV footage was played in court during the trial showing Wilson approaching Mr Imnetu and headbutting him.
Around a minute later, Wilson punched Mr Imnetu five times in the head, continued to repeatedly punch him while he was on his hands and knees, and then kicked him in the head.
Wilson of Napier Road, east London, told the Old Bailey he was acting in self defence, telling jurors: “I just regret that somebody’s life was taken while I was trying to defend mine.”
He claimed Mr Imnetu had a broken bottle – something Judge Katz described as “a deliberate lie”.
The court heard after the attack that Wilson had told an associate he “crossed the line”.
In a message, he said: “There’s a monster in me, man, and it’s just like sometimes it comes out.
“And I think I’ve messed up now, I’ve messed up, everything’s finished.”