Manchester United Football Club will on Sunday confirm the sale of a 25% stake to the billionaire petrochemicals tycoon Sir Jim Ratcliffe.
Sky News has learnt that an announcement will be made later which will bring an end to 13 months of talks about a potential takeover of the Old Trafford club.
Sources said that United and Sir Jim’s Ineos Sport would confirm that he is acquiring the interest for $33-a-share (£26), confirming a report last month by Sky News.
The deal, which will come amid a torrid season for the Red Devils on the pitch, will see Sir Jim take control of the club’s footballing affairs once it is approved by the Premier League – a process expected to take between six and eight weeks.
He will inject $300m (£237m) into the club for investment in its infrastructure, taking his immediate outlay to roughly $1.5bn (£1.2bn).
Sir Jim will nominate two representatives to join the United board.
The deal, which Sky News revealed details of last month, will be structured as a tender offer to acquire 25% of the listed A-shares.
The Glazers will also sell 25% of their B-shares, which carry greater voting rights, to Sir Jim as part of the deal.
The additional investment from Sir Jim is likely to be welcome by United fans who believe the club has been starved of investment under the Glazers’ ownership.
Image: Manchester United fans let off flares as they protest against the Glazer family in 2021
However, United’s home is likely to need far more than £245m to deliver the overhaul that is required to turn it into one of the world’s elite football stadia once more.
The redevelopment will be financed personally by the billionaire and will not add to Manchester United’s existing borrowings.
Sir Jim’s purchase of a 25% stake in the Red Devils will be confirmed more than a year after the Glazer family, which has controlled the club since 2005, began formally exploring a sale.
The Financial Times reported earlier on Sunday that Sir Jim’s investment had been delayed by concerns about protections for minority shareholders.
These concerns have now been overcome, according to insiders.
The deal between the Glazers and Sir Jim comes after months of negotiations with several potential buyers, including the Qatari businessman Sheikh Jassim bin Hamad al-Thani, who wanted to acquire full control of the club. United lost 2-0 at West Ham on Saturday to leave the club facing an uphill struggle to qualify for next season’s Champions’ League.
Several other key questions remain about United’s future ownership, including whether Sir Jim will ultimately seek overall control of the club.
Some United fans have expressed disquiet at the prospect of Sir Jim buying a minority stake given that it paves the way for the Glazers’ continued presence at Old Trafford.
Image: Manchester United, playing in white, continued their poor form this season by losing 2 – 0 to West Ham
The family, who paid just under £800m to buy the club in 2005, has remained inscrutable throughout the process and has said nothing of substance to the NYSE since the process of engaging with prospective buyers kicked off.
Earlier iterations of Sir Jim’s offers for the club, which focused on gaining outright control, included put-and-call arrangements that would become exercisable three years after a takeover to enable him to buy out the remainder of the club’s shares.
The Monaco-based billionaire, who owns the Ligue 1 side Nice, pitched a restructured deal in October in an attempt to unblock the ongoing impasse over United’s future.
In addition to the competing bids from Sir Jim and Sheikh Jassim, the Glazers received several credible offers for minority stakes or financing to fund investment in the club.
Part of the Glazers’ justification for attaching such a huge valuation to the club resides in the possibility of it gaining greater control in future of its lucrative broadcast rights, alongside a belief that arguably the world’s most famous sports brand can be commercially exploited more effectively.
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From November 2022: Manchester United owner Avram Glazer confronted by Sky News in Palm Beach
The Glazers’ tenure has been dogged by controversy and protests, with the absence of a Premier League title since Sir Alex Ferguson’s retirement as manager in 2013 fuelling fans’ anger at the debt-fuelled nature of their takeover.
Fury at its proposed participation in the ill-fated European Super League project in 2021 crystallised supporters’ desire for new owners to replace the Glazers.
Confirming the launch of the strategic review last November, Avram and Joel Glazer said: “The strength of Manchester United rests on the passion and loyalty of our global community of 1.1bn fans and followers.
“We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the club today and in the future.”
The Glazers listed a minority stake in the company in New York in 2012. Ineos and Mancheser United both declined to comment.
Prince Andrew should give evidence to US authorities, a government minister has said, as anger grows after it emerged he had been paying “peppercorn rent” for two decades.
Passages from the memoir released on Tuesday of the late Virginia Giuffre, who accused Prince Andrew of sexually assaulting her, provide further details of their alleged encounters.
Prince Andrew has always strenuously denied the allegations.
Business Secretary Peter Kyle said on Tuesday he would “support” Prince Andrew giving evidence to US prosecutors.
He added he would also support any decision by the Met Police to investigate allegations that Prince Andrew used a Met bodyguard to gain information on Giuffre.
It comes as anger continues to grow over Prince Andrew’s housing arrangements.
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‘Victims should be in driver’s seat’
‘Peppercorn rent’
The royal has only paid “peppercorn rent” for more than two decades at his Windsor mansion, according to a National Audit Office report published in 2005.
“Peppercorn rent” is a legal term used in leases to show that rent technically exists, so the lease is valid, but it’s nominal, often literally £1 a year or just a symbolic amount.
In practice, it means the tenant pays no rent.
It also shows he was required to pay a further £7.5m for refurbishments.
A document from the Crown Estate also shows he signed a 75-year lease on the property in 2003.
It reveals he paid £1m for the lease and that since then he has paid “one peppercorn” of rent “if demanded” per year.
The agreement also contains a clause which states the Crown Estate would have to pay Andrew around £558,000 if he gave up the lease.
Pressure is mounting on him to give up the 30-bedroom mansion.
Senior Tory Robert Jenrick called for Prince Andrew to live privately.
‘He has disgraced himself’
He said: “It’s about time Prince Andrew took himself off to live in private and make his own way in life.
“He has disgraced himself, he has embarrassed the royal family time and again. I don’t see why the taxpayer, frankly, should continue to foot the bill at all. The public are sick of him.”
Image: Virginia Giuffre’s posthumous memoir was released today. Pic: Reuters
Mr Kyle, however, said that would be a question for King Charles.
But he did say MPs could bring forward a motion to strip Prince Andrew of his remaining titles, adding it would be up to Speaker Sir Lindsay Hoyle to choose one of these motions for debate.
Rachael Maskell – the independent MP for York Central – told Sky News that 88% of her constituents don’t want the duke “to carry a title bearing the name of our city”.
“My legislation would be able to be applied to anybody in the future as well, so we wouldn’t have this situation ever having to occur again,” Ms Maskell added.
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‘We don’t want him bearing our city’s name’
Meanwhile, the Scottish National Party (SNP) has also warned new legislation must be put forward without “any excuses and any further delay”.
The SNP’s Westminster leader Stephen Flynn said: “The public knows this is the right thing to do – and even more importantly, the victims at the heart of the Epstein scandal know that it’s the right thing to do.
“Those implicated in the Epstein scandal have been able to escape justice because they have hidden behind their power and privilege.”
Yesterday, the prime minister’s official spokesman said the question of legislation was “a matter for the palace in the first instance” – and Downing Street “supports the judgment of the King” regarding what should happen to Prince Andrew’s titles.
Image: Prince Andrew during the Garter Ceremony Procession in Windsor. Pic: PA
Accuser’s memoir published today
Pressure has been growing on Andrew amid continued reports of his relationship with Epstein, with the royal “vigorously denying” the allegations against him.
Amy Wallace, who co-authored Nobody’s Girl, said Ms Giuffre would have regarded Andrew relinquishing his titles as a “victory”.
She told BBC Newsnight: “Virginia wanted all the men who she’d been trafficked to against her will to be held to account and this is just one of the men but … even though he continues to deny it, his life is being eroded because of his past behaviour as it should be.”
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Meanwhile, Ms Giuffre’s brother and sister-in-law have urged the Independent Office for Police Conduct to review the Met’s decision not to continue its investigations into the allegations she made against Prince Andrew.
Sky and Amanda Roberts told Channel 4 News that Ms Giuffre had been “gaslit” by detectives – as well as British and American authorities – in what amounted to a “kick in the stomach” for her.
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In other developments, questions have been raised about whether Andrew should have the right to continue living at the Royal Lodge in Windsor.
Details of the financial arrangements surrounding his 30-bedroom mansion have come to light.
A copy of the leasehold agreement obtained by the PA news agency shows he signed a 75-year lease on the property in 2003 at a cost of £1m.
Since then, he has paid “one peppercorn” of rent “if demanded” per year, a term used to describe a small payment that makes a contract legally binding.
What started as a WhatsApp group for dozens of grieving families has ended up gathering enough momentum to reach Westminster.
Warning: This article contains content you may find distressing.
The parents and relatives of loved ones who have taken their own life following domestic abuse are angry, at a loss, but up for a fight.
Sharon Holland is among those furious at how difficult it is to hold a potential perpetrator accountable for their loved ones’ deaths.
Image: Sharon Holland (L), whose daughter Chloe died by suicide
Her daughter, Chloe, died by suicide in 2023 after being in a controlling relationship.
Chloe, 23, suffered months of torment at the hands of her former partner. At the time of his conviction, police said Chloe was a victim of a “horrific campaign of coercive and controlling behaviour”.
Two years on, Ms Holland has shared experiences and developed bonds with families who have been through the same trauma.
But charges and convictions for those potentially responsible are rare. That’s despite figures from the Domestic Homicide Project, funded by the Home Office and led by the National Police Chiefs’ Council, showing more domestic abuse victims take their own lives in England and Wales than are killed by their partner.
There were 1,012 domestic abuse-related deaths in England and Wales between 2020 and 2024, of which 354 were suspected suicides compared to 332 homicides.
Image: Sharon Holland said her group ‘don’t want this happening to someone else’
Families at ‘breaking point’
Ms Holland’s group are now calling for “justice for all victims of domestic abuse-related suicides” by bringing their campaign to Westminster today.
Asked if this is a movement born out of families being at breaking point, Ms Holland said: “Absolutely.
“All of us mums or sisters all feel the same, that we don’t want this happening to someone else. It’s being dragged out for years and during that time the mums are becoming more and more ill, their health is going downhill, they’re stressed out all the time, on alert, and they just can’t get anywhere with it.
“There’s so many warnings with the police or with the NHS with various agencies that this could not end well for their daughters, and unfortunately it takes the person to die, and then we find out what the failings are.”
Families who believe there has been foul play, or know the abuse their loved ones suffered at the hands of an intimate partner contributed to them taking their own lives, say it’s difficult to be taken seriously.
“The majority of them have been fighting for five years,” Ms Holland said. “They’ve been waiting for the police to get back to them or waiting for the CPS to charge.
“One lady has just waited five years, only to finally hear back from the CPS only to find out they’re not going to charge.
“So that poor woman’s health has gone downhill, fighting for her daughter, who she suspects was a staged suicide and got nowhere.”
Image: Pragna Patel said famillies ‘are entirely on their own’
‘Heartbreaking’ for families
Families are often fending for themselves, according to Pragna Patel, co-founder of Project Resist, a charity that supports people affected by domestic abuse and violence.
She said families “are having to navigate the system entirely on their own as they try to find out the circumstances in which their loved ones took their lives and to find out how and why this happened”.
“It’s really heartbreaking to see these families knocking at the doors of the police, knocking at the door of coroners, saying: ‘We know these deaths are suspicious, we know there is a history of coercive and controlling behaviour and domestic abuse behind these deaths, and we want you to investigate.’
“On the whole, families are met with a culture of indifference, apathy and ignorance. They’re just not getting the attention they need.”
‘We must do more,’ says minister
Ms Holland and a host of other families will gather in parliament later to meet safeguarding minister Jess Phillips.
Ahead of the meeting, Ms Phillips told Sky News: “Every death linked to domestic abuse is a tragedy. We must do more to prevent them, and I will be meeting Project Resist to discuss how we can hold perpetrators to account more effectively.
“We are funding the Domestic Homicide Project to capture information on domestic abuse related deaths, including suicides, from all 43 police forces in England and Wales to improve our understanding of this issue.
“But more needs to be done. Our upcoming Violence Against Women and Girls Strategy will set out our plans to strengthen our response to all domestic abuse related deaths.”
Image: Jess Phillips
Sky News understands there are a number of active cases being pursued by the Crown Prosecution Service (CPS).
Part of prosecutors’ assessment of a case includes developing an understanding of the relationship history between the victim and a potential suspect and trying to understand the victim’s state of mind before their death.
But they are relying on evidence and witness statements that need to be taken in a timely manner.
They say they are raising awareness through tailored training about the links between domestic abuse and suicide, so officers are better equipped to exercise “professional curiosity”.
Ahead of the campaign’s launch, a spokesperson for the CPS said: “Domestic abuse is a heinous crime and our prosecutors are actively advised to consider murder and manslaughter charges in suicide cases where there is a known context of domestic abuse or other controlling or coercive behaviour.
“We have previously charged a number of defendants for causing the death of a partner they abused, including in proceedings which are currently active.
“We are also working with police and other stakeholders to ensure these kinds of offences are well-understood – so that we can bring perpetrators to justice for the full extent of their crimes.”
‘You cannot move forward’
Families so far have had to rely on the inquest to scrutinise the circumstances of their loved one’s death.
Chloe died two years ago and hers is yet to happen.
Ms Holland: “The way all this drags out, you cannot sit down, move forward and just grieve. You’re constantly on high alert, fighting everyone, and just hoping that it’ll be over soon.”
A delay for answers and further delay for grief.
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