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.
More on Manchester United
Related Topics:
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”.
Advertisement
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 Ministry of Defence have shared a picture of the British soldier who was killed in a “tragic accident” in Ukraine, as Volodymyr Zelenskyy prepares to give Donald Trump a revised plan for peace with Russia.
The Ukrainian president said his delegation is set to hand Kyiv’s proposal to Washington in the “near future”, ahead of talks between European leaders over the plan next week.
Meanwhile, tributes have come in for Lance Corporal George Hooley, a 28-year-old paratrooper who died on Tuesday while observing Ukrainian forces testing a new defensive capability away from the frontline.
Please use Chrome browser for a more accessible video player
4:28
Is Europe’s transatlantic relationship with America on life support?
The MoD said he joined the army in November 2015 and was regarded as “an exceptional soldier and an impressive junior leader with extensive operational experience”.
In a statement released through the ministry, Lance Corporal Hooley’s commanding officer said that the paratrooper had had an “incredibly bright” future in the Parachute Regiment.
More on Army
Related Topics:
“I have no doubt that he would have continued to perform at the very front of his peer-group over the coming years,” they added.
“All members of The Parachute Regiment mourn his loss; however, our sorrow is nothing compared to that being felt by his family, our thoughts and prayers are with them at this incredibly difficult time.”
Image: Lance Corporal George Hooley with his dog Mabel. Pic: Ministry of Defence
‘If you met George Hooley, you remembered it’
The company commander added: “If you met George Hooley, you remembered it.” They said the paratrooper had a “rare gift” and was a “model of professionalism”.
Britain’s Defence Secretary John Healey said the Lance Corporal “served our country with distinction and professionalism” and was “an exceptional soldier who will be very deeply missed”.
“The tributes that have been paid to him are a testament to his exceptional attitude and ability,” Mr Healey said. “George’s tragic death reminds us of the courage and commitment with which our outstanding armed forces serve every day to protect our nation.”
Zelenskyy: Ukraine to share peace plan in ‘near future’
Mr Zelenskyy said that Ukraine was finalising a 20-point peace document to share with the United States.
“We are working very productively to guarantee future security and prevent a recurrence of Russian aggression,” he said.
But Mr Trump had accused Mr Zelenskyy of not reading the original American-backed version of the peace proposal, and in an interview with Politico on Tuesday, claimed the Ukrainian president was “using war” to avoid holding an election.
Later on Wednesday, Mr Zelenskyy said Kyiv’s peace delegation held a “productive conversation” with the US, and “discussed key issues for recovery, various mechanisms, and visions of reconstruction”.
Prime Minister Sir Keir Starmer, German Chancellor Friedrich Merz and French President Emmanuel Macron also spoke with the US president by phone on Wednesday.
In Ukraine shelling at a hospital in the occupied southern Kherson region killed three medical workers and injured two others, according to a governor installed by Russia.
And on Wednesday morning, Ukraine said its energy infrastructure had been targeted by Russian drone strikes in the southern Odesa region.
A man has been found guilty of murdering his ex-partner’s sister and her three children in a house fire.
Prosecutors said Sharaz Ali, 40, was “motivated by jealousy and fuelled by drink and drugs” when he set fire to Bryonie Gawith’s home early on 21 August last year.
Jurors heard that Ali went to the home in Westbury Road, Bradford, aiming to “take revenge” on his ex, Antonia Gawith, who was staying there after ending their “abusive” seven-year relationship earlier that month.
Antonia Gawith managed to escape, but Bryonie Gawith, 29, and her children Denisty Birtle, nine, Oscar Birtle, five, and 22-month-old Aubree Birtle died in the blaze.
Image: Bryonie Gawith and her children Denisty, Oscar and Aubree Birtle died in the fire
Ali told a jury he had no intention of harming others when the house went up in flames, saying: “I didn’t want to hurt anyone but myself.”
But after a trial at Doncaster Crown Court, he was found guilty of four counts of murder and attempting to murder Antonia Gawith.
Calum Sunderland, 26, who went with Ali to the house and kicked the door in for him, was found guilty of the manslaughter of Bryonie Gawith and her three children, but cleared of the more serious charges of murder.
He was also cleared of attempted murder, and an alternative count of attempting to cause grievous bodily harm, in relation to Antonia Gawith.
Image: Calum Sunderland. Pic: West Yorkshire Police
Mohammed Shabir, 45, who had also been due to go on trial, died of a heart attack in October after collapsing in prison.
After the verdicts, the judge, Mr Justice Hilliard, thanked jurors and said the case had been “distressing beyond measure – three children and their mother murdered”.
“I don’t think anyone who heard Antonia’s desperate cries for help will ever forget them,” he said.
“These are truly dreadful crimes.”
The judge also praised the “extraordinary bravery” of those who tried to save the children trapped in the house.
Ali and Sunderland, a convicted arsonist, were driven to the house by Shabir, stopping on the way to fill a seven-litre canister with petrol, the court heard.
Doorbell footage captured Ali telling Sunderland, who was carrying the petrol and a lighter, to “kick the door in”, which he did before running back to the car.
Antonia Gawith said she saw an “angry” Ali run into the house and begin pouring petrol on her while shouting before setting himself and the house on fire.
Image: Antonia Gawith outside Doncaster Crown Court. Pic: PA
‘I couldn’t save them’
In a video interview played to jurors, she sobbed as she told police how she “couldn’t save” her sister, nieces and nephew, as she tried frantically to get back in the house through the back door.
“I was just screaming, trying to get back in the house and I couldn’t get in. I couldn’t save them,” she said.
West Yorkshire Police’s Detective Chief Inspector Stacey Atkinson said: “Bryonie and her three children would still be alive today if it wasn’t for the horrific and truly callous actions of Ali and Sunderland that day.
“They left a mum and her three children completely helpless whilst her sister and their auntie watched on in horror.
“Our thoughts and sympathies are with the family, who despite their immense strength of character now face the rest of their lives without them.”
Senior Crown Prosecution Service prosecutor Amanda McInnes said Ali was a “selfish killer who had no regard for anyone but himself”.
“He was motivated by jealousy and his actions have now needlessly robbed a family of their loved ones,” she said.
“Both men played their role and caused the deaths of a young family who should still be with us today.”
On a dark December morning two years ago, Kiki Marriott left her flat and started walking.
Content warning: This article contains references to suicide.
It was 5am, and she was heading for the station.
“I was numb at that point,” she says.
“I was just so done with trying to survive and just existing… feeling extremely lonely and isolated and didn’t know where to turn.”
She was trapped in a cycle of addiction, gambling all hours and taking cocaine for the maximum buzz.
Image: ‘I didn’t know where to turn,’ says Kiki
“I sat at the train station thinking about my daughter, thinking about the mistakes that I’ve made in the past, thinking that I didn’t want to live this life any more.”
Kiki was waiting for the first train.
But that train was late. And she changed her mind.
Instead of taking her own life, she decided to seek help.
Yet what she would find on that journey of recovery would shock her.
“I just realised that there wasn’t anybody that looked like me, sounded like me, and it got me to thinking, well I can’t be the only black woman suffering with a gambling or cocaine addiction.”
Please use Chrome browser for a more accessible video player
3:39
‘I can’t be the only black woman suffering addiction’
Racial disparities
Research has shown that people from ethnic minority backgrounds are less likely to gamble than white people, but are more likely to suffer harm from gambling.
Despite that, too often they do not seek help.
And YouGov statistics shared exclusively with Sky News shed a light on why.
The survey of 4,000 adults for GamCare, which runs the National Gambling Helpline, found that two-thirds of people from ethnic minority backgrounds who’d gambled in the past year had spent more money than they’d planned, double the amount of white respondents.
They were also more than twice as likely to hide their gambling and nearly three times as likely to feel guilt.
Kiki is not surprised.
“For me, coming from a black community, a black background, what goes on indoors stays behind closed doors,” she says.
“You keep your mouth shut, and you handle your business yourself.”
And when she considered what an addict looked like, it wasn’t someone like her.
“I just thought it’s an old white man’s thing – that they go into the bookies, and they have a drink and they bet.
“I thought, well, that’s not me.”
But Dharmi Kapadia, a senior sociology lecturer from Manchester University, who focuses on racial inequality, thinks there’s more than just cultural pressure at play.
“These explanations of stigma have become dominant,” she says.
“We’ve found that what’s more important is that people don’t want to go and get help from gambling services because of previous racist treatment that they’ve suffered at the hands of other statutory services, for example, when they went to the GP.”
Image: Dharmi Kapadia thinks there’s more than just cultural pressure at play
‘I needed to change’
The stigma felt very real for Kiki, so she hid what she was doing.
“I’ve had trauma in my life. I’ve been sexually abused as a child.
“As the years have gone on, a traumatic event happened in my family that really changed the dynamics of my life and that’s when I moved on from scratch cards to online slots.”
She became hooked – betting around the clock, spending her benefits on 10p and 20p spins on online slots and borrowing money from those around her.
Eventually her daughter moved out when she was 15.
“That’s when everything escalated. I didn’t have that responsibility of keeping up appearances.
“Before that, gas, electric, food shopping, all those things had to be in place.
“I just lived and breathed in my bedroom at that point and yeah, it was very lonely.”
When Kiki left the station that day, she called the National Gambling Helpline.
“For the first time in my life, I was completely honest about everything that I was doing – the lies, the manipulation when I was in active addiction, the secrecy.
“I was completely transparent because I wanted to change. I needed to change.”
‘Where’s all the women?’
Since then, she has undergone constant therapy, including a six-week stint in rehab.
And as she headed home in the taxi, her phone rang.
It was Lisa Walker, a woman who understood gambling addiction. She had won £127,000 playing poker at 29 before losing everything and ending up homeless with her young children.
Image: Lisa Walker (left) sought help from Gamblers Anonymous and was among very few women at her meetings
When she finally asked for help, she too felt she was different, walking into a Gamblers Anonymous meeting to find she was one of only two women in a room with 35 men.
“I was thinking, where’s all the women?” says Lisa.
“I can’t be the only woman in the world with a gambling addiction, so that got me thinking, what services are out there for women?”
It was the catalyst to set up support for female gamblers in April 2022.
Since then, Lisa has helped close to 250 women, but all but four have been white.
One of those four was Kiki.
‘There’s no getting away from it’
“It just baffles me… Why aren’t they reaching out for support? Is it the shame? Is it stigma?” says Lisa.
But another concern is that it’s simply too easy to hide the gambling.
“Getting on the train this morning, 90% of people are on their phones, and we don’t know whether they’re playing slots,” she says.
“I could probably sit here now and sign up for 50 online casinos and probably get over a thousand free spins.
“I just think there’s no getting away from it because it’s 24 hours a day.”
Image: Kiki says she now has an ‘amazing’ relationship with her daughter
Kiki’s flat in Woolwich, where once she couldn’t even go to the bathroom without gambling, has become the place where she runs her own online peer mentoring groups.
“Feeling understood and validated for your experiences, for how you was raised… the core beliefs that you’re taught from a young age, to have somebody that looks like you, talks like you, has the same cultural background… it’s extremely important to make you feel understood, to make you feel validated,” she says.
‘You can learn from it’
Kiki will need to attend support groups for life to keep her addictions at bay.
But she has a clear goal, just as Lisa did.
“My focus is to help other people, help empower other people to choose themselves, to show them that there is light after so much darkness… that you don’t have to be a victim of your circumstances, that you can choose to grow from it and learn from it and heal from it,” she says.
For Kiki, there was so much at stake.
“It was either I was going to die or I was going to become a woman and a mother that my daughter could come back to and respect again.”
And that has happened. Kiki’s daughter is 19 now.
Image: Kiki now helps others suffering from gambling addiction
“We’ve got an amazing relationship today. I’ve took full accountability for the mistakes that I’ve made.
“She’s extremely proud of where I am today.”
It’s more than Kiki could have dreamt of two years ago.
Now all she wants is to help others escape the endless cycle of addiction.
Anyone feeling emotionally distressed or suicidal can call Samaritans for help on 116 123 or email jo@samaritans.org in the UK. In the US, call the Samaritans branch in your area or 1 (800) 273-TALK
To speak to an adviser on the National Gambling Helpline, call 0808 8020 133