History | Red Devils Austria

Manchester United Football Club is a professional football club based in Old Trafford, Greater Manchester, England, that competes in the Premier League, the top flight of English football. Nicknamed "the Red Devils", the club was founded as Newton Heath LYR Football Club in 1878, changed its name to Manchester United in 1902 and moved to its current stadium, Old Trafford, in 1910.

Manchester United have won more trophies than any other club in English football, with a record 20 League titles, 12 FA Cups, five League Cups and a record 21 FA Community Shields. United have also won three UEFA Champions Leagues, one UEFA Europa League, one UEFA Cup Winners' Cup, one UEFA Super Cup, one Intercontinental Cup and one FIFA Club World Cup. In 1998–99, the club became the first in the history of English football to achieve the continental European treble. By winning the UEFA Europa League in 2016–17, they became one of five clubs to have won all three main UEFA club competitions.

The 1958 Munich air disaster claimed the lives of eight players. In 1968, under the management of Matt Busby, Manchester United became the first English football club to win the European Cup. Alex Ferguson won 38 trophies as manager, including 13 Premier League titles, 5 FA Cups and 2 UEFA Champions Leagues, between 1986 and 2013, when he announced his retirement.

Manchester United was the highest-earning football club in the world for 2016–17, with an annual revenue of €676.3 million, and the world's third most valuable football club in 2019, valued at £3.15 billion ($3.81 billion). As of June 2015, it is the world's most valuable football brand, estimated to be worth $1.2 billion. After being floated on the London Stock Exchange in 1991, the club was purchased by Malcolm Glazer in May 2005 in a deal valuing the club at almost £800 million, after which the company was taken private again, before going public once more in August 2012, when they made an initial public offering on the New York Stock Exchange. Manchester United is one of the most widely supported football clubs in the world, and has rivalries with Liverpool, Manchester City, Arsenal and Leeds United.

Early years (1878–1945)

Manchester United was formed in 1878 as Newton Heath LYR Football Club by the Carriage and Wagon department of the Lancashire and Yorkshire Railway (LYR) depot at Newton Heath. The team initially played games against other departments and railway companies, but on 20 November 1880, they competed in their first recorded match; wearing the colours of the railway company – green and gold – they were defeated 6–0 by Bolton Wanderers' reserve team. By 1888, the club had become a founding member of The Combination, a regional football league. Following the league's dissolution after only one season, Newton Heath joined the newly formed Football Alliance, which ran for three seasons before being merged with The Football League. This resulted in the club starting the 1892–93 season in the First Division, by which time it had become independent of the railway company and dropped the "LYR" from its name. After two seasons, the club was relegated to the Second Division.

The Manchester United team at the start of the 1905–06 season, in which they were runners-up in the Second Division

In January 1902, with debts of £2,670 – equivalent to £280,000 in 2019 – the club was served with a winding-up order. Captain Harry Stafford found four local businessmen, including John Henry Davies (who became club president), each willing to invest £500 in return for a direct interest in running the club and who subsequently changed the name; on 24 April 1902, Manchester United was officially born. Under Ernest Mangnall, who assumed managerial duties in 1903, the team finished as Second Division runners-up in 1906 and secured promotion to the First Division, which they won in 1908 – the club's first league title. The following season began with victory in the first ever Charity Shield and ended with the club's first FA Cup title. Manchester United won the First Division for the second time in 1911, but at the end of the following season, Mangnall left the club to join Manchester City.

In 1922, three years after the resumption of football following the First World War, the club was relegated to the Second Division, where it remained until regaining promotion in 1925. Relegated again in 1931, Manchester United became a yo-yo club, achieving its all-time lowest position of 20th place in the Second Division in 1934. Following the death of principal benefactor John Henry Davies in October 1927, the club's finances deteriorated to the extent that Manchester United would likely have gone bankrupt had it not been for James W. Gibson, who, in December 1931, invested £2,000 and assumed control of the club. In the 1938–39 season, the last year of football before the Second World War, the club finished 14th in the First Division.

Busby years (1945–1969)

In October 1945, the impending resumption of football led to the managerial appointment of Matt Busby, who demanded an unprecedented level of control over team selection, player transfers and training sessions. Busby led the team to second-place league finishes in 1947, 1948 and 1949, and to FA Cup victory in 1948. In 1952, the club won the First Division, its first league title for 41 years. They then won back-to-back league titles in 1956 and 1957; the squad, who had an average age of 22, were nicknamed "the Busby Babes" by the media, a testament to Busby's faith in his youth players. In 1957, Manchester United became the first English team to compete in the European Cup, despite objections from The Football League, who had denied Chelsea the same opportunity the previous season. En route to the semi-final, which they lost to Real Madrid, the team recorded a 10–0 victory over Belgian champions Anderlecht, which remains the club's biggest victory on record.

The following season, on the way home from a European Cup quarter-final victory against Red Star Belgrade, the aircraft carrying the Manchester United players, officials and journalists crashed while attempting to take off after refuelling in Munich, Germany. The Munich air disaster of 6 February 1958 claimed 23 lives, including those of eight players – Geoff Bent, Roger Byrne, Eddie Colman, Duncan Edwards, Mark Jones, David Pegg, Tommy Taylor and Billy Whelan – and injured several more.

Manchester United (1963)

Assistant manager Jimmy Murphy took over as manager while Busby recovered from his injuries and the club's makeshift side reached the FA Cup final, which they lost to Bolton Wanderers. In recognition of the team's tragedy, UEFA invited the club to compete in the 1958–59 European Cup alongside eventual League champions Wolverhampton Wanderers. Despite approval from The Football Association, The Football League determined that the club should not enter the competition, since it had not qualified. Busby rebuilt the team through the 1960s by signing players such as Denis Law and Pat Crerand, who combined with the next generation of youth players – including George Best – to win the FA Cup in 1963. The following season, they finished second in the league, then won the title in 1965 and 1967. In 1968, Manchester United became the first English (and second British) club to win the European Cup, beating Benfica 4–1 in the final with a team that contained three European Footballers of the Year: Bobby Charlton, Denis Law and George Best.They then represented Europe in the 1968 Intercontinental Cup against Estudiantes of Argentina, but lost the tie after losing the first leg in Buenos Aires, before a 1–1 draw at Old Trafford three weeks later. Busby resigned as manager in 1969 before being replaced by the reserve team coach, former Manchester United player Wilf McGuinness.

1969–1986

Bryan Robson was the captain of Manchester United for 12 years, longer than any other player.

Following an eighth-place finish in the 1969–70 season and a poor start to the 1970–71 season, Busby was persuaded to temporarily resume managerial duties, and McGuinness returned to his position as reserve team coach. In June 1971, Frank O'Farrell was appointed as manager, but lasted less than 18 months before being replaced by Tommy Docherty in December 1972. Docherty saved Manchester United from relegation that season, only to see them relegated in 1974; by that time the trio of Best, Law, and Charlton had left the club. The team won promotion at the first attempt and reached the FA Cup final in 1976, but were beaten by Southampton. They reached the final again in 1977, beating Liverpool 2–1. Docherty was dismissed shortly afterwards, following the revelation of his affair with the club physiotherapist's wife.

Dave Sexton replaced Docherty as manager in the summer of 1977. Despite major signings, including Joe Jordan, Gordon McQueen, Gary Bailey, and Ray Wilkins, the team failed to achieve any significant results; they finished in the top two in 1979–80 and lost to Arsenal in the 1979 FA Cup Final. Sexton was dismissed in 1981, even though the team won the last seven games under his direction. He was replaced by Ron Atkinson, who immediately broke the British record transfer fee to sign Bryan Robson from West Bromwich Albion. Under Atkinson, Manchester United won the FA Cup twice in three years – in 1983 and 1985. In 1985–86, after 13 wins and two draws in its first 15 matches, the club was favourite to win the league, but finished in fourth place. The following season, with the club in danger of relegation by November, Atkinson was dismissed.

Ferguson years (1986–2013)

Alex Ferguson and his assistant Archie Knox arrived from Aberdeen on the day of Atkinson's dismissal, and guided the club to an 11th-place finish in the league. Despite a second-place finish in 1987–88, the club was back in 11th place the following season. Reportedly on the verge of being dismissed, victory over Crystal Palace in the 1990 FA Cup Final replay (after a 3–3 draw) saved Ferguson's career. The following season, Manchester United claimed its first Cup Winners' Cup title and competed in the 1991 UEFA Super Cup, beating European Cup holders Red Star Belgrade 1–0 in the final at Old Trafford. A second consecutive League Cup final appearance followed in 1992, in which the team beat Nottingham Forest 1–0 at Wembley. In 1993, the club won its first league title since 1967, and a year later, for the first time since 1957, it won a second consecutive title – alongside the FA Cup – to complete the first "Double" in the club's history. United then became the first English club to do the Double twice when they won both competitions again in 1995–96, before retaining the league title once more in 1996–97 with a game to spare.

In the 1998–99 season, Manchester United became the first team to win the Premier League, FA Cup and UEFA Champions League – "The Treble" – in the same season. Losing 1–0 going into injury time in the 1999 UEFA Champions League Final, Teddy Sheringham and Ole Gunnar Solskjær scored late goals to claim a dramatic victory over Bayern Munich, in what is considered one of the greatest comebacks of all time. The club also won the Intercontinental Cup after beating Palmeiras 1–0 in Tokyo. Ferguson was subsequently knighted for his services to football.

Manchester United won the league again in the 1999–2000 and 2000–01 seasons. The team finished third in 2001–02, before regaining the title in 2002–03. They won the 2003–04 FA Cup, beating Millwall 3–0 in the final at the Millennium Stadium in Cardiff to lift the trophy for a record 11th time. In the 2005–06 season, Manchester United failed to qualify for the knockout phase of the UEFA Champions League for the first time in over a decade, but recovered to secure a second-place league finish and victory over Wigan Athletic in the 2006 Football League Cup Final. The club regained the Premier League in the 2006–07 season, before completing the European double in 2007–08 with a 6–5 penalty shoot-out victory over Chelsea in the 2008 UEFA Champions League Final in Moscow to go with their 17th English league title. Ryan Giggs made a record 759th appearance for the club in that game, overtaking previous record holder Bobby Charlton. In December 2008, the club won the 2008 FIFA Club World Cup and followed this with the 2008–09 Football League Cup, and its third successive Premier League title. That summer, Cristiano Ronaldo was sold to Real Madrid for a world record £80 million.[60] In 2010, Manchester United defeated Aston Villa 2–1 at Wembley to retain the League Cup, its first successful defence of a knockout cup competition.

After finishing as runner-up to Chelsea in the 2009–10 season, United achieved a record 19th league title in 2010–11, securing the championship with a 1–1 away draw against Blackburn Rovers on 14 May 2011. This was extended to 20 league titles in 2012–13, securing the championship with a 3–0 home win against Aston Villa on 22 April 2013.

2013–present

On 8 May 2013, Ferguson announced that he was to retire as manager at the end of the football season, but would remain at the club as a director and club ambassador. The club announced the next day that Everton manager David Moyes would replace him from 1 July, having signed a six-year contract. Ryan Giggs took over as interim player-manager 10 months later, on 22 April 2014, when Moyes was sacked after a poor season in which the club failed to defend their Premier League title and failed to qualify for the UEFA Champions League for the first time since 1995–96. They also failed to qualify for the Europa League, meaning that it was the first time Manchester United hadn't qualified for a European competition since 1990. On 19 May 2014, it was confirmed that Louis van Gaal would replace Moyes as Manchester United manager on a three-year deal, with Giggs as his assistant. Malcolm Glazer, the patriarch of the Glazer family that owns the club, died on 28 May 2014.

Although Van Gaal's first season saw United once again qualify for the Champions League through a fourth-place finish in the Premier League, his second season saw United go out of the same tournament in the group stage. United also fell behind in the title race for the third consecutive season, finishing in 5th place, in spite of several expensive signings during Van Gaal's tenure. However, that same season, Manchester United won the FA Cup for a 12th time, this being their first trophy won since 2013. Despite this victory, Van Gaal was sacked as manager just two days later, with José Mourinho appointed in his place on 27 May, signing a three-year contract. That season, United finished in sixth place while winning the EFL Cup for the fifth time and the Europa League for the first time, as well as the FA Community Shield for a record 21st time in Mourinho's first competitive match in charge. Despite not finishing in the top four, United qualified for the Champions League through their Europa League win. Wayne Rooney scored his 250th goal with United, surpassing Sir Bobby Charlton as United's all-time top scorer, before leaving the club at the end of the season to return to Everton. Mourinho was sacked on 18 December 2018 with United in sixth place, 19 points behind league leaders Liverpool and 11 points outside the Champions League places. Former United player and manager of the Norwegian side Molde, Ole Gunnar Solskjær was appointed caretaker manager the next day. On 28 March 2019, following a run of 14 wins in his 19 matches in charge, including knocking Paris Saint-Germain out of the Champions League in the round of 16 after losing the first leg 2–0, Solskjær was appointed permanently on a three-year deal.

On 18 April 2021, Manchester United announced they were joining 11 other European clubs as founding members of the European Super League, a proposed 20-team competition intended to rival the UEFA Champions League. The announcement drew a significant backlash from supporters, other clubs, media partners, sponsors, players and the UK Government, forcing the club to withdraw just two days later. The failure of the project led to the resignation of executive vice-chairman Ed Woodward, while resultant protests against Woodward and the Glazer family led to a pitch invasion ahead of a league match against Liverpool on 2 May 2021, which saw the first postponement of a Premier League game due to supporter protests in the competition's history.

On the pitch, United equalled their own record for the biggest win in Premier League history with a 9–0 win over Southampton on 2 February 2021, but ended the season with defeat on penalties in the UEFA Europa League final against Villarreal, going four straight seasons without a trophy. On 20 November 2021, Solskjær left his role as manager. Former midfielder Michael Carrick took charge for the next three games, before the appointment of Ralf Rangnick as interim manager until the end of the season.

On 21 April 2022, Erik ten Hag was appointed as the manager from the end of the 2021–22 season, signing a contract until June 2025 with the option of extending for a further year. Under Ten Hag, Manchester United won the 2022–23 EFL Cup, defeating Newcastle United in the final to end their longest period without a trophy since a six-year span between 1977 and 1983. On 5 March 2023, the club suffered their joint-heaviest defeat, losing 7–0 to rivals Liverpool at Anfield. At the end of the following season, the club finished eighth in the Premier League, their lowest league finish since the 1989–90 season, but went on to beat cross-city rivals Manchester City 2–1 in the FA Cup final, to win their 13th FA Cup title. On 28 October 2024, Manchester United sacked Erik ten Hag after the club managed just three wins in the opening nine games of the Premier League season. On 1 November 2024, Manchester United announced that they would be appointing Sporting CP boss Ruben Amorim as their new head coach from 11 November 2024.

Crest and colours

The club crest is derived from the Manchester City Council coat of arms, although all that remains of it on the current crest is the ship in full sail. The devil stems from the club's nickname "The Red Devils" inspired from Salford Rugby Club; it was included on club programmes and scarves in the 1960s, and incorporated into the club crest in 1970, although the crest was not included on the chest of the shirt until 1971. In 1975, the red devil ("A devil facing the sinister guardant supporting with both hands a trident gules") was granted as a heraldic badge by the College of Arms to the English Football League for use by Manchester United. In 2023, the Red Devil motif alone, which had been used in promotional items and merchandise previously, was used as the sole badge on the Manchester United third kit. The existing crest remains on the home and away kits.

Newton Heath's uniform in 1879, four years before the club played its first competitive match, has been documented as 'white with blue cord'. A photograph of the Newton Heath team, taken in 1892, is believed to show the players wearing red-and-white quartered jerseys and navy blue knickerbockers. Between 1894 and 1896, the players wore green and gold jerseys which were replaced in 1896 by white shirts, which were worn with navy blue shorts.

After the name change in 1902, the club colours were changed to red shirts, white shorts, and black socks, which has become the standard Manchester United home kit.[106] Very few changes were made to the kit until 1922 when the club adopted white shirts bearing a deep red "V" around the neck, similar to the shirt worn in the 1909 FA Cup final. They remained part of their home kits until 1927. For a period in 1934, the cherry and white hooped change shirt became the home colours, but the following season the red shirt was recalled after the club's lowest ever league placing of 20th in the Second Division and the hooped shirt dropped back to being the change.

The black socks were changed to white from 1959 to 1965, where they were replaced with red socks up until 1971 with white used on occasion, when the club reverted to black. Black shorts and white socks are sometimes worn with the home strip, most often in away games, if there is a clash with the opponent's kit. For 2018–19, black shorts and red socks became the primary choice for the home kit. Since 1997–98, white socks have been the preferred choice for European games, which are typically played on weeknights, to aid with player visibility. The current home kit is a red shirt with Adidas' trademark three stripes in red on the shoulders, white shorts, and black socks.

The Manchester United away strip has often been a white shirt, black shorts and white socks, but there have been several exceptions. These include an all-black strip with blue and gold trimmings between 1993 and 1995, the navy blue shirt with silver horizontal pinstripes worn during the 1999–2000 season, and the 2011–12 away kit, which had a royal blue body and sleeves with hoops made of small midnight navy blue and black stripes, with black shorts and blue socks. An all-grey away kit worn during the 1995–96 season was dropped after just five games; in its final outing against Southampton, Alex Ferguson instructed the team to change into the third kit during half-time. The reason for dropping it being that the players claimed to have trouble finding their teammates against the crowd, United failed to win a competitive game in the kit in five attempts. In 2001, to celebrate 100 years as "Manchester United", a reversible white and gold away kit was released, although the actual match day shirts were not reversible.

The club's third kit is often all-blue; this was most recently the case during the 2014–15 season. Exceptions include a green-and-gold halved shirt worn between 1992 and 1994, a blue-and-white striped shirt worn during the 1994–95 and 1995–96 seasons and once in 1996–97, an all-black kit worn during the Treble-winning 1998–99 season, and a white shirt with black-and-red horizontal pinstripes worn between 2003–04 and 2005–06. From 2006–07 to 2013–14, the third kit was the previous season's away kit, albeit updated with the new club sponsor in 2006–07 and 2010–11, apart from the 2008–09 season, when an all-blue kit was launched to mark the 40th anniversary of the 1967–68 European Cup success.

Grounds

1878–1893: North Road

Newton Heath initially played on a field on North Road, close to the railway yard; the original capacity was about 12,000, but club officials deemed the facilities inadequate for a club hoping to join The Football League. Some expansion took place in 1887, and in 1891, Newton Heath used its minimal financial reserves to purchase two grandstands, each able to hold 1,000 spectators. Although attendances were not recorded for many of the earliest matches at North Road, the highest documented attendance was approximately 15,000 for a First Division match against Sunderland on 4 March 1893. A similar attendance was also recorded for a friendly match against Gorton Villa on 5 September 1889.

1893–1910: Bank Street

In June 1893, after the club was evicted from North Road by its owners, Manchester Deans and Canons, who felt it was inappropriate for the club to charge an entry fee to the ground, secretary A. H. Albut procured the use of the Bank Street ground in Clayton. It initially had no stands, by the start of the 1893–94 season, two had been built; one spanning the full length of the pitch on one side and the other behind the goal at the "Bradford end". At the opposite end, the "Clayton end", the ground had been "built up, thousands thus being provided for". Newton Heath's first league match at Bank Street was played against Burnley on 1 September 1893, when 10,000 people saw Alf Farman score a hat-trick, Newton Heath's only goals in a 3–2 win. The remaining stands were completed for the following league game against Nottingham Forest three weeks later. In October 1895, before the visit of Manchester City, the club purchased a 2,000-capacity stand from the Broughton Rangers rugby league club, and put up another stand on the "reserved side" (as distinct from the "popular side"); however, weather restricted the attendance for the Manchester City match to just 12,000.

When the Bank Street ground was temporarily closed by bailiffs in 1902, club captain Harry Stafford raised enough money to pay for the club's next away game at Bristol City and found a temporary ground at Harpurhey for the next reserves game against Padiham. Following financial investment, new club president John Henry Davies paid £500 for the erection of a new 1,000-seat stand at Bank Street. Within four years, the stadium had cover on all four sides, as well as the ability to hold approximately 50,000 spectators, some of whom could watch from the viewing gallery atop the Main Stand.

1910–present: Old Trafford

Following Manchester United's first league title in 1908 and the FA Cup a year later, it was decided that Bank Street was too restrictive for Davies' ambition; in February 1909, six weeks before the club's first FA Cup title, Old Trafford was named as the home of Manchester United, following the purchase of land for around £60,000. Architect Archibald Leitch was given a budget of £30,000 for construction; original plans called for seating capacity of 100,000, though budget constraints forced a revision to 77,000. The building was constructed by Messrs Brameld and Smith of Manchester. The stadium's record attendance was registered on 25 March 1939, when an FA Cup semi-final between Wolverhampton Wanderers and Grimsby Town drew 76,962 spectators.

Bombing in the Second World War destroyed much of the stadium; the central tunnel in the South Stand was all that remained of that quarter. After the war, the club received compensation from the War Damage Commission in the amount of £22,278. While reconstruction took place, the team played its "home" games at Manchester City's Maine Road ground; Manchester United was charged £5,000 per year, plus a nominal percentage of gate receipts. Later improvements included the addition of roofs, first to the Stretford End and then to the North and East Stands. The roofs were supported by pillars that obstructed many fans' views, and they were eventually replaced with a cantilevered structure. The Stretford End was the last stand to receive a cantilevered roof, completed in time for the 1993–94 season. First used on 25 March 1957 and costing £40,000, four 180-foot (55 m) pylons were erected, each housing 54 individual floodlights. These were dismantled in 1987 and replaced by a lighting system embedded in the roof of each stand, which remains in use today.

The Taylor Report's requirement for an all-seater stadium lowered capacity at Old Trafford to around 44,000 by 1993. In 1995, the North Stand was redeveloped into three tiers, restoring capacity to approximately 55,000. At the end of the 1998–99 season, second tiers were added to the East and West Stands, raising capacity to around 67,000, and between July 2005 and May 2006, 8,000 more seats were added via second tiers in the north-west and north-east quadrants. Part of the new seating was used for the first time on 26 March 2006, when an attendance of 69,070 became a new Premier League record. The record was pushed steadily upwards before reaching its peak on 31 March 2007, when 76,098 spectators saw Manchester United beat Blackburn Rovers 4–1, with just 114 seats (0.15 per cent of the total capacity of 76,212) unoccupied. In 2009, reorganisation of the seating resulted in a reduction of capacity by 255 to 75,957. Manchester United has the second highest average attendance among European football clubs, behind only Borussia Dortmund.

In 2021, United co-chairman Joel Glazer said that "early-stage planning work" for the redevelopment of Old Trafford was underway. This followed "increasing criticism" over the lack of development of the ground since 2006. After the club's takeover by Sir Jim Ratcliffe in 2024, it emerged that plans were being made for the construction of a new, 100,000-capacity stadium near Old Trafford and that the current stadium would be downsized to serve as the home for the women's team and the club's academy. In November 2024, it was revealed that the majority of fans surveyed are in favour of a new-build rather than redevelopment.

Support

Manchester United is one of the most popular football clubs in the world, with one of the highest average home attendances in Europe. The club states that its worldwide fan base includes more than 321 officially recognised branches of the Manchester United Supporters Club (MUSC), in at least 90 countries. The club takes advantage of this support through its worldwide summer tours. Accountancy firm and sports industry consultants Deloitte estimate that Manchester United has 75 million fans worldwide. The club has the third highest social media following in the world among sports teams (after Barcelona and Real Madrid), with over 82 million Facebook followers as of July 2023.

A 2014 study showed that Manchester United had the loudest fans in the Premier League.

Supporters are represented by two independent bodies; the Independent Manchester United Supporters' Association (IMUSA), which maintains close links to the club through the MUFC Fans Forum, and the Manchester United Supporters' Trust (MUST). After the Glazer family's takeover in 2005, a group of fans formed a splinter club, F.C. United of Manchester. The West Stand of Old Trafford – the "Stretford End" – is the home end and the traditional source of the club's most vocal support.

Ownership and finances

Originally funded by the Lancashire and Yorkshire Railway Company, the club became a limited company in 1892 and sold shares to local supporters for £1 via an application form.

In 1902, majority ownership passed to the four local businessmen who invested £500 to save the club from bankruptcy, including future club president John Henry Davies.

After his death in 1927, the club faced bankruptcy yet again, but was saved in December 1931 by James W. Gibson, who assumed control of the club after an investment of £2,000. Gibson promoted his son, Alan, to the board in 1948, but died three years later; the Gibson family retained ownership of the club through James' wife, Lillian, but the position of chairman passed to former player Harold Hardman.

Promoted to the board a few days after the Munich air disaster, Louis Edwards, a friend of Matt Busby, began acquiring shares in the club; for an investment of approximately £40,000, he accumulated a 54 per cent shareholding and took control in January 1964. When Lillian Gibson died in January 1971, her shares passed to Alan Gibson who sold a percentage of his shares to Louis Edwards' son, Martin, in 1978; Martin Edwards went on to become chairman upon his father's death in 1980. Media tycoon Robert Maxwell attempted to buy the club in 1984, but did not meet Edwards' asking price.

In 1989, chairman Martin Edwards attempted to sell the club to Michael Knighton for £20 million, but the sale fell through and Knighton joined the board of directors instead.

Manchester United was floated on the stock market in June 1991 (raising £6.7 million), and received yet another takeover bid in 1998, this time from Rupert Murdoch's British Sky Broadcasting Corporation. This resulted in the formation of Shareholders United Against Murdoch – now the Manchester United Supporters' Trust – who encouraged supporters to buy shares in the club in an attempt to block any hostile takeover. The Manchester United board accepted a £623 million offer, but the takeover was blocked by the Monopolies and Mergers Commission at the final hurdle in April 1999. A few years later, a power struggle emerged between the club's manager, Alex Ferguson, and his horse-racing partners, John Magnier and J. P. McManus, who had gradually become the majority shareholders. In a dispute that stemmed from contested ownership of the horse Rock of Gibraltar, Magnier and McManus attempted to have Ferguson removed from his position as manager, and the board responded by approaching investors to attempt to reduce the Irishmen's majority.

Glazer ownership

In May 2005, Malcolm Glazer purchased the 28.7 per cent stake held by McManus and Magnier, thus acquiring a controlling interest through his investment vehicle Red Football Ltd in a highly leveraged takeover valuing the club at approximately £800 million (then approx. $1.5 billion). Once the purchase was complete, the club was taken off the stock exchange. Much of the takeover money was borrowed by the Glazers; the debts were transferred to the club. As a result, the club went from being debt-free to being saddled with debts of £540 million, at interest rates of between 7% and 20%.

In July 2006, the club announced a £660 million debt refinancing package, resulting in a 30 per cent reduction in annual interest payments to £62 million a year. In January 2010, with debts of £716.5 million ($1.17 billion), Manchester United further refinanced through a bond issue worth £504 million, enabling them to pay off most of the £509 million owed to international banks. The annual interest payable on the bonds – which were to mature on 1 February 2017 – is approximately £45 million per annum. Despite restructuring, the club's debt prompted protests from fans on 23 January 2010, at Old Trafford and the club's Trafford Training Centre. Supporter groups encouraged match-going fans to wear green and gold, the colours of Newton Heath. On 30 January, reports emerged that the Manchester United Supporters' Trust had held meetings with a group of wealthy fans, dubbed the "Red Knights", with plans to buying out the Glazers' controlling interest. The club's debts reached a high of £777 million in June 2007.

In August 2011, the Glazers were believed to have approached Credit Suisse in preparation for a $1 billion (approx. £600 million) initial public offering (IPO) on the Singapore stock exchange that would value the club at more than £2 billion; however, in July 2012, the club announced plans to list its IPO on the New York Stock Exchange instead. Shares were originally set to go on sale for between $16 and $20 each, but the price was cut to $14 by the launch of the IPO on 10 August, following negative comments from Wall Street analysts and Facebook's disappointing stock market debut in May. Even after the cut, Manchester United was valued at $2.3 billion, making it the most valuable football club in the world.

The New York Stock Exchange allows for different shareholders to enjoy different voting rights over the club. Shares offered to the public ("Class A") had 10 times lesser voting rights than shares retained by the Glazers ("Class B"). Initially in 2012, only 10% of shares were offered to the public.[226] As of 2019, the Glazers retain ultimate control over the club, with over 70% of shares, and even higher voting power.

In 2012, The Guardian estimated that the club had paid a total of over £500 million in debt interest and other fees on behalf of the Glazers, and in 2019, reported that the total sum paid by the club for such fees had risen to £1 billion. At the end of 2019, the club had a net debt of nearly £400 million.

In 2023, the Glazers began soliciting bids for the sale of the club, and several bids were received. Sir Jim Ratcliffe, who owns Ineos, and Hamad bin Jassim bin Jaber Al Thani, a Qatari sheikh, were the only bidders who had publicly declared their interest in a controlling share of the club. In March 2023, Finnish entrepreneur Thomas Zilliacus also made his interest in Manchester United public.

On 24 December 2023, it was announced that Ratcliffe had purchased 25 per cent of Manchester United, and that his Ineos Sport company was taking control of football operations. The Glazers remain as majority shareholders.