‘Mixed feelings’ from fans as Man United confirm sale of 25% stake to British billionaire Sir Jim Ratcliffe

Published

2 years ago

December 24, 2023

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Manchester United has confirmed the sale of a 25% stake to the British billionaire petrochemicals tycoon Sir Jim Ratcliffe.

The Manchester United Supporters Trust (MUST) has said fans have “mixed feelings” following the sale and they “remain sceptical” because the Glazer family, which is deeply unpopular with supporters, still runs the club.

MUST said in a statement: “During 18 years of debt, decay and mismanagement, Manchester United fans have loudly and consistently called for change at our club.

“When the so-called strategic review was announced nearly a year ago, it finally appeared that the sale of the club was on the horizon, potentially bringing the new investment and new direction MUFC so clearly needs.

“Against that backdrop, fans have very mixed feelings today. We welcome the investment from a boyhood red, Sir Jim Ratcliffe and his Ineos company, but many will wish his ownership stake was greater than the initially rumoured 25%… But with the Glazers still in charge, people should understand that United fans will remain sceptical and wait for the proof in the pudding.”

Sky News’ city editor Mark Kleinman learned earlier today that the deal would be confirmed – bringing an end to 13 months of talks about a potential takeover of the Old Trafford club.

Sources said earlier that United and Sir Jim’s Ineos Sport would confirm that he is acquiring the interest for $33-a-share (£26).

The deal, which comes after 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).

Analysis: Man Utd fans will be hoping this is the beginning of the end for the Glazers

Sir Jim, chairman of the chemical company Ineos, will nominate Sir Dave Brailsford and Jean-Claude Blanc to join the club’s board once the purchase is approved.

He will also delegate seats on Man United PLC board to Ineos shareholder John Reece and Ineos Sport chair Rob Nevin.

The British billionaire will acquire up to 25% of Manchester United’s listed A-shares of part of the deal.

The Glazers have also sold 25% of Manchester United’s B-shares, which carry greater voting rights, to Sir Jim as part of the deal.

Sir Jim said after the deal was confirmed: “As a local boy and a lifelong supporter of the club, I am very pleased that we have been able to agree a deal with the Manchester United Board that delegates us management responsibility of the football operations of the club.

“Whilst the commercial success of the club has ensured there have always been available funds to win trophies at the highest level, this potential has not been fully unlocked in recent times. We will bring the global knowledge, expertise and talent from the wider Ineos sport group to help drive further improvement at the club, while also providing funds intended to enable future investment into Old Trafford.

“We are here for the long term and recognise that a lot of challenges and hard work lie ahead, which we will approach with rigour, professionalism and passion. We are committed to working with everyone at the club – the board, staff, players and fans – to help drive the club forward.”

The Manchester United Supporters Trust statement in full

During 18 years of debt, decay and mismanagement, Manchester United fans have loudly and consistently called for change at our club.

When the so-called strategic review was announced nearly a year ago, it finally appeared that the sale of the club was on the horizon, potentially bringing the new investment and new direction MUFC so clearly needs.

Against that backdrop, fans have very mixed feelings today.

We welcome the investment from a boyhood red, Sir Jim Ratcliffe and his INEOS company, but many will wish his ownership stake was greater than the initially rumoured 25%.

We note the statements that he and his team will control sporting activities, yet puzzle how any organisation can put its very core business in the hands of a minority shareholder, and how that meaningfully works in practice.

It is now incumbent on the club’s owners and management to properly explain how this new structure will work, where the new investment will be directed and how it will benefit the team on the field.

As the supporters trust, we expect to have discussions with the club management and the INEOS team in the near future to understand their plans, and to put to them the very many questions fans have today.

Today might – just might – be a step forward for Manchester United after some very difficult years.

But with the Glazers still in charge, people should understand that United fans will remain sceptical and wait for the proof in the pudding.

Manchester United’s executive co-chairmen and directors, Avram Glazer and Joel Glazer, said: “We are delighted to have agreed this deal with Sir Jim Ratcliffe and Ineos. As part of the strategic review we announced in November 2022, we committed to look at a variety of alternatives to help enhance Manchester United, with a focus on delivering success for our men’s, women’s and academy teams.

“Sir Jim and Ineos bring a wealth of commercial experience as well as significant financial commitment into the club. And, through Ineos Sport, Manchester United will have access to seasoned high-performance professionals, experienced in creating and leading elite teams from both inside and outside the game. Manchester United has talented people right across the club and our desire is to always improve at every level to help bring our great fans more success in the future.”

United fans will welcome the deal – but their Old Trafford 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 has been confirmed more than a year after the Glazer family, which has controlled the club since 2005, began formally exploring a sale.

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.

UK

Police officer describes moment he was shot with crossbow – as attacker jailed

Published

2 hours ago

August 20, 2025

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Police officer describes moment he was shot with crossbow - as attacker jailed

A police officer has described the moment he was shot with a crossbow – as his “extremely dangerous” attacker was sentenced to nine years in jail.

Jason King, 54, fired the weapon at PC Curtis Foster after stabbing a neighbour, a man in his 60s, following an altercation in Downley, Wycombe, on 10 May last year.

PC Foster was struck in the leg by a crossbow bolt while King chased after him and his fellow unarmed officer.

“I knew something had impacted me, but my adrenaline was so high that the pain wasn’t really there,” PC Foster said.

“I first realised I was bleeding quite a lot when I could feel it running down my leg, and then I touched my leg with above my trousers, and my whole hand was red where it’d gone through my trousers already.”

PC Foster and his colleague cleared the area of civilians, while armed officers chased King to a local park.

King also fired the crossbow at a police dog but missed.

He was ordered to drop the weapon, but instead started running with it in hand towards the exit of the park to where PC Foster had escaped.

An armed officer fired one shot at King, striking him in the abdomen, to stop him.

‘Covered in my blood’

As King was apprehended, paramedics and his fellow officers treated the seriously injured PC Foster.

“There was a lot of blood. My two colleagues that turned up initially on scene were covered in my blood – that’s how much blood I’d lost,” PC Foster said.

“When we got to the hospital, the doctor had a feel of it and said that I was really lucky it didn’t strike an artery. It was a couple of centimetres away from hitting an artery in the back of my leg.”

PC Foster has since made a full recovery, as did the neighbour King stabbed.

King himself was taken to hospital under police supervision with potentially life-changing injuries and was discharged 10 days later, when he was arrested and taken into police custody.

On Wednesday, King was jailed at Aylesbury Crown Court for nine years with a further three years on extended licence having previously pleaded guilty to unlawful wounding, having an article with a blade or point, having an offensive weapon, wounding with intent and affray regarding the incident.

“Jason King will now serve a substantial prison sentence as a result of his violent actions on 10 May 2024. The community and residents of Downley are much safer for it,” said senior investigating officer Detective Inspector Nick Hind.

He added: “The courage of our officers in dealing with this incident was second to none.”

‘Significant threat to police’

DI Hind explained that the impact the incident had in the local community couldn’t be underestimated as King was “an extremely dangerous man, who posed a significant threat to police, other emergency services and members of the community”.

A mandatory referral to the Independent Office for Police Conduct was made after the police shooting of King.

The IOPC, which concluded its investigation in November, commended “everybody involved in this incident”, according to DI Hind.

UK

Husband’s tribute to mother-of-two killed by falling tree branch in Blackburn

Published

5 hours ago

August 20, 2025

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Husband's tribute to mother-of-two killed by falling tree branch in Blackburn

A mother-of-two who died after being hit by a falling tree branch on the way home from a family outing would do “everything she could for anyone”, her husband has said.

Madia Kauser, 32, was walking with her family in Witton Park in Blackburn, Lancashire, on 11 August when the incident happened.

She is reported to have pushed her young daughter to safety.

A joint investigation is being carried out by Lancashire Police and the Health and Safety Executive and any witnesses are being asked to come forward.

In a tribute issued by police, her husband Wasim Khan described her as the “most beautiful woman in the world” and said he feels “completely lost without her”.

He said: “My wife, a mother-of-two, a daughter, sister and a friend we lost to a tragic event that came on the way home from a family day out in the park.

“She was the most beautiful woman in the world, she did everything for our two children, she did everything she could for anyone and would bring smiles whenever she entered the room.

“She was my comfort, my partner in life and the love of my life.

“We have so many great memories, went through pain together and started a family together.

“Honestly, I feel completely lost without her and I do not know how to put into words how much I miss her face, her character and her presence. My one and only.”

Detective Inspector Iain Czapowski said: “This is an absolutely tragic incident which has cost a young woman her life and my thoughts are with her loved ones.

“We are working closely with our colleagues from the Health and Safety Executive and with the co-operation of the council to try and establish the full circumstances of what happened, and I would like to speak to anyone with information which could assist with that.

“I am especially keen to speak to anyone who actually saw what happened on that fateful night and I would urge them to contact us.”

UK

Kneecap rapper greeted by hundreds of supporters as he arrives at court on terror charge

Published

6 hours ago

August 20, 2025

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Kneecap rapper greeted by hundreds of supporters as he arrives at court on terror charge

A member of rap trio Kneecap was greeted by hundreds of supporters as he arrived at court this morning, charged with allegedly supporting a proscribed terror organisation.

Liam Og O hAnnaidh, who performs under the name Mo Chara, is accused of displaying a flag in support of Hezbollah at a gig in London in November last year.

Demonstrators waving flags and holding banners in support of the rapper greeted him with cheers as he made his way into Westminster Magistrates’ Court.

Supported by his Kneecap bandmates Naoise O Caireallain and JJ O Dochartaigh, it took the rapper more than a minute to enter the building as security officers worked to usher him inside through a crowd of photographers.

Fans held signs which read “Free Mo Chara”, while others waved Irish and Palestinian flags.

As the hearing got under way, O hAnnaidh confirmed his name, date of birth and address, with the court hearing an Irish language interpreter would be present.

During a previous hearing, prosecutors said the 27-year-old is “well within his rights” to voice his opinions on the Israel-Palestine conflict, but said the alleged incident at the O2 Forum in Kentish Town was a “wholly different thing”.

O hAnnaidh is yet to enter a plea to the charge.

Who are Kneecap?

Kneecap put out their first single in 2017 and rose to wider prominence in 2024 after the release of their debut album and an eponymously titled film – a fictionalised retelling of how the band came together and their fight to save the Irish language.

The film, in which the trio play themselves and co-star alongside starring Oscar nominee Michael Fassbender, won the BAFTA for outstanding debut earlier this year, for director and writer Rich Peppiatt.

Last year, they won a discrimination case against the UK government after Conservative leader Kemi Badenoch tried to refuse them a £14,250 funding award when she was business secretary.

They are known for songs including H.O.O.D, Fine Art, and Better Way To Live, featuring Fontaines DC frontman Grian Chatten.

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