# EDGAR Filing Document

**Accession Number:** 0002139036
**File Stem:** 0000950157-26-000772
**Filing Date:** 2026-6
**Character Count:** 20899
**Document Hash:** 86b502f559e0bd93430398156ff394ad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950157-26-000772.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0000950157-26-000772

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20260629

**DATE AS OF CHANGE**: 20260629

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Manchester United plc
- **CENTRAL INDEX KEY:** 0001549107
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-AMUSEMENT & RECREATION SERVICES [7900]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 981063519
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-86956
- **FILM NUMBER:** 261137458

**BUSINESS ADDRESS:**
- **STREET 1:** Old Trafford
- **CITY:** Manchester
- **STATE:** X0
- **ZIP:** M16 ORA
- **BUSINESS PHONE:** 44(0)1618688000

**MAIL ADDRESS:**
- **STREET 1:** Old Trafford
- **CITY:** Manchester
- **STATE:** X0
- **ZIP:** M16 ORA

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Manchester United Ltd.
- **DATE OF NAME CHANGE:** 20120503
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INEOS Ltd
- **CENTRAL INDEX KEY:** 0002139036

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** Y8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** FORT ANNE
- **CITY:** DOUGLAS
- **PROVINCE COUNTRY:** Y8
- **ZIP:** IM1 5PD
- **BUSINESS PHONE:** 00000000

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** FORT ANNE
- **CITY:** DOUGLAS
- **PROVINCE COUNTRY:** Y8
- **ZIP:** IM1 5PD

## Ex-99.Annex

**ANNEX A**

The following sets forth, as of the date of this Schedule 13D, the aggregate number and percentage of Class A ordinary shares beneficially owned by each of the Reporting Persons, as well as the number of Class A ordinary shares as to which each Reporting Person has the sole power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition of as of the date hereof.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Reporting Person** | **Amount**<br> **beneficially**<br> **owned<sup>(1)(2)</sup>** | **Percent**<br> **of class<sup>(3)</sup>** | **Sole power**<br> **to vote or**<br> **direct the vote** | **Shared power**<br> **to vote or to**<br> **direct the vote** | **Sole power to dispose or to direct the disposition of** | **Shared power** <br> **to dispose or to direct the**<br> **disposition of** |
| ISL | 49880646 | 54.54% | 49880646 | 0 | 49880646 | 0 |
| INEOS | 49880646 | 54.54% | 49880646 | 0 | 49880646 | 0 |

---

_______________

&nbsp;&nbsp;&nbsp;&nbsp;(1) ISL is the record holder of 16,188,183 Class A ordinary shares and 33,692,463 Class B ordinary shares. The Class B ordinary shares
are convertible on a one-for-one basis into Class A ordinary shares at any time at the option of the holder. INEOS is deemed to beneficially
own the Ordinary Shares held by ISL by virtue of its 100% ownership of ISL.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Only INEOS and ISL are beneficial owners of the Class A ordinary shares. James A. Ratcliffe, Andrew Currie and John Reece collectively
have voting and investment power over the Ordinary Shares indirectly held by INEOS. As previously disclosed, due to that certain letter
agreement between the INEOS Shareholders (see Item 6 below) with respect to the voting and disposition of the shares in the Issuer, for
the purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, none of James A. Ratcliffe, Andrew Currie and John Reece
individually has beneficial ownership over the Ordinary Shares held indirectly by INEOS. James A. Ratcliffe, Andrew Currie and John Reece
each disclaim beneficial ownership over all of the Ordinary Shares held by ISL and neither the filing of this Schedule 13D nor any of
its contents shall be deemed to constitute an admission by James A. Ratcliffe, Andrew Currie and John Reece that they are individually
the beneficial owners of any of the Class A ordinary shares referred to herein for purposes of Section 13(d) or 13(g) of the Securities
Exchange Act of 1934, as amended, or for any other purpose.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Based on 57,769,080 Class A ordinary shares outstanding as of the close of business on March 31, 2026, and assumes, for purposes
of this calculation only, conversion of the Class B ordinary shares held by the Reporting Persons into Class A ordinary shares.

## Ex-99.A

**EXHIBIT A**

**Joint Filing AGREEMENT**

In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each other on behalf of each of them of such a statement on Schedule 13D with respect to the Class A ordinary shares of Manchester United plc beneficially owned by each of them. This Joint Filing Agreement shall be included as an Exhibit to such Schedule 13D.

IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of the 29th day of June, 2026.

---

| | | |
|:---|:---|:---|
| INEOS SERVICES LIMITED | INEOS SERVICES LIMITED | INEOS SERVICES LIMITED |
| By: | /s/ Simon Morland | /s/ Simon Morland |
|  | Name: | Simon Morland |
|  | Title: | Director |
| INEOS LIMITED | INEOS LIMITED | INEOS LIMITED |
| By: | /s/ Steven Quayle | /s/ Steven Quayle |
|  | Name: | Steven Quayle |
|  | Title: | Director |

---

## Ex-99.M

**EXHIBIT M**

**SCHEDULE 1**

**AMENDED AND RESTATED LETTER AGREEMENT**

**INEOS LIMITED**

**38 HANS CRESCENT**

**LONDON, UNITED KINGDOM**

**SW1X 0LZ**

**DATED** 18 December 2024, as amended and restated on 23 June 2026

Reference is made to that certain Transfer Agreement, dated 18 December 2024 (as amended, supplemented or otherwise modified from time to time in accordance with its terms, the "**Transfer Agreement**") by and between **INEOS** Services Limited (formerly INEOS Limited), a company limited by shares incorporated under the laws of the Isle of Man **("ISL")** and Trawlers Limited, a company limited by shares incorporated under the laws of the Isle of Man ("**Trawlers**").

Reference is further made to the INEOS restructuring project, pursuant to which James A. Ratcliffe, Andrew Currie and John Reece (the "**Parties**") propose to put in place a new holding company, INEOS Limited (formerly called Romsey Limited) ("**INEOS**")**,** which will be (i) owned and controlled by the Parties in same proportions as their current shareholdings in ISL and (ii) the sole (100%) shareholder of ISL (the "**Reorganisation**").

In connection with the Transfer Agreement and the Reorganisation, and notwithstanding anything to the contrary, including the governing documents of ISL and/or INEOS, the undersigned agree that any decisions pertaining to the voting or disposition, directly or indirectly, of any or all of the shares of Manchester United plc held by ISL shall require a written direction from INEOS that reflects an affirmative vote by a majority of James A. Ratcliffe, Andrew Currie and John Reece (the shareholders in INEOS).

Any provision of this letter agreement may only be amended in writing signed by each Party.

This letter agreement and any non-contractual obligations arising out of or in connection with it are governed by and shall be construed in accordance with the laws of England and Wales, and each Party hereby submits to the exclusive jurisdiction of the English courts.

**Acknowledged and agreed:**

---

| |
|:---|
| /s/ Simon Morland |
| Simon Morland acting as attorney |
| for and on behalf of **Sir James A. Ratcliffe** |
| /s/ Simon Morland |
| Simon Morland acting as attorney |
| for and on behalf of **Andrew Currie** |
| /s/ Simon Morland |
| Simon Morland acting as attorney |
| for and on behalf of **John Reece** |

---

## Ex-99.N

**EXHIBIT N**

**DIRECTORS AND EXECUTIVE OFFICERS OF INEOS AND ISL**

**Directors and Executive Officers of INEOS**. The following table sets forth the name, citizenship, business address and present principal occupation or employment for each director and each executive officer of INEOS.

---

| | | |
|:---|:---|:---|
| **Name** | **Citizenship** | **Present Principal Occupation or Employment** |
| James A. Ratcliffe | UK | CEO and Chairman of the INEOS Group |
| Andrew Currie | UK | Director of the INEOS Group |
| John Reece | UK | Finance Director of the INEOS Group |
| Simon Morland | UK | Director of various entities within the INEOS Group |
| Tristan Head | UK | Group Chair and Director of Cains Advocates Limited ("**Cains**") |
| Steven Quayle | UK | Director and banking & finance head of Cains |

---

The principal business address for each of Mr. Ratcliffe, Mr. Currie, Mr. Reece, Mr. Morland, Mr. Head and Mr. Quayle at INEOS, as directors, is as follows: Fort Anne, Douglas, IM1 5PD, Isle of Man.

No person individually controls INEOS.

**Directors and Executive Officers of ISL**. The following table sets forth the name, citizenship, business address and present principal occupation or employment for each director and each executive officer of ISL.

---

| | | |
|:---|:---|:---|
| **Name** | **Citizenship** | **Present Principal Occupation or Employment** |
| James A. Ratcliffe | UK | CEO and Chairman of the INEOS Group |
| Andrew Currie | UK | Director of the INEOS Group |
| John Reece | UK | Finance Director of the INEOS Group |
| Jonathan Ginns | UK | Head of Mergers & Acquisitions for the INEOS Group |
| Simon Morland | UK | Director of various entities within the INEOS Group |

---

The principal business address for each of Mr. Ratcliffe, Mr. Currie, Mr. Reece, Mr. Ginns and Mr. Morland at ISL, as directors, is as follows: Hawkslease, Chapel Lane, Lyndhurst, Hampshire, SO43 7FG, United Kingdom.

No person individually controls ISL other than INEOS.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**Manchester United plc**

*(Name of Issuer)*

**Class A Ordinary Shares, Par Value $0.0005 Per Share**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**c/o Manchester United plc**<br>Old Trafford<br>Manchester X0 M16 0RA<br>44 (0) 161 868 8000

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/23/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**INEOS Services Limited** | Name of reporting person<br>**INEOS Services Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**Y8** | Citizenship or place of organization<br>**Y8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**49880646.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**49880646.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**49880646.00** | Aggregate amount beneficially owned by each reporting person<br>**49880646.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**54.54%** | Percent of class represented by amount in Row (11)<br>**54.54%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**INEOS Limited** | Name of reporting person<br>**INEOS Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**Y8** | Citizenship or place of organization<br>**Y8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**49880646.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**49880646.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**49880646.00** | Aggregate amount beneficially owned by each reporting person<br>**49880646.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**54.54%** | Percent of class represented by amount in Row (11)<br>**54.54%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Ordinary Shares, Par Value $0.0005 Per Share

**(b) Name of Issuer:**
Manchester United plc

**(c) Address of Issuer's Principal Executive Offices:**
Sir Matt Busby Way, Old Trafford, Manchester, X0, M16 0RA

Introductory Note

This statement on Schedule 13D ("Schedule 13D") relates to the beneficial ownership by the Reporting Persons (as defined below) of the Class A ordinary shares, par value $0.0005 per share (the "Class A ordinary shares") of Manchester United plc, a Cayman Islands company (the "Issuer"), whose principal executive offices are located at Sir Matt Busby Way, Old Trafford, Manchester, England, M16 0RA.

This Schedule 13D also serves as amendment no. 2 to the statement on Schedule 13D filed on February 21, 2024 by James A. Ratcliffe, a natural person, and Trawlers Limited ("Trawlers"), a company limited by shares incorporated under the laws of the Isle of Man and wholly owned by James A. Ratcliffe (the "Original Schedule 13D"), which was amended by amendment no. 1 ("Amendment No. 1"), which was jointly filed by James A. Ratcliffe, Trawlers and INEOS Services Limited, formerly known as INEOS Limited, a company limited by shares incorporated under the laws of the Isle of Man ("ISL").

This Schedule 13D is being jointly filed by ISL and INEOS Limited, a company limited by shares incorporated under the laws of the Isle of Man ("INEOS" and, together with ISL, the "Reporting Persons"), with respect to the Class A ordinary shares of the Issuer, pursuant to their joint filing agreement (the "Joint Filing Agreement") filed as Exhibit A to this Schedule 13D. The Original Schedule 13D and Amendment No. 1 are incorporated by reference as Exhibits B and C herein, respectively.

This Schedule 13D is being filed solely to reflect the addition of INEOS as a Reporting Person. As part of an internal reorganization to simplify the corporate structure of the wider INEOS group, James A. Ratcliffe, Andrew Currie and John Reece (the "INEOS Shareholders") interposed INEOS as the new holding company of the INEOS group (the "Reorganization"). INEOS is (i) owned and controlled by the INEOS Shareholders in the same proportions as their previous shareholdings in ISL and (ii) the sole (100%) shareholder of ISL. There has been no transfer by ISL of the Issuer's Class A ordinary shares and Class B ordinary shares, par value $0.0005 per share (the "Class B ordinary shares" and, together with the Class A ordinary shares, the "Ordinary Shares") in connection with the Reorganization - i.e., ISL remains the direct owner of the Ordinary Shares - and, accordingly, the indirect interest of the INEOS Shareholders in the Ordinary Shares has not changed.

**Item 4. Purpose of Transaction**

The information set forth in each of (i) Item 4 of the Original Schedule 13D included herein as Exhibit B and (ii) Item 4 of Amendment No. 1 included herein as Exhibit C is incorporated by reference herein.

The Reorganization inserted a new holding company, INEOS, above ISL. As a result of the Reorganization, the INEOS Shareholders hold their indirect interests in the Class A ordinary shares through INEOS and its wholly owned subsidiary, ISL, rather than through ISL directly.

INEOS and ISL hold the Class A ordinary shares (indirectly, in the case of INEOS) for the same purposes, and with the same plans or proposals, that were set forth for James A. Ratcliffe and Trawlers in Item 4 of the Original Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The information contained in Annex A attached herewith is incorporated herein by reference.

**(b)**
The information contained in Annex A attached herewith is incorporated herein by reference.

**(c)**
None of the Reporting Persons or, to the Reporting Persons' knowledge, none of the Listed Persons, has effected any transactions in Class A ordinary shares in the past 60 days, other than those described in the Introductory Note.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Each of (i) the information set forth in Item 6 of the Original Schedule 13D included herein as Exhibit B, (ii) the material terms of the Transaction Agreement, Governance Agreement, Voting Agreement, Equity Commitment Letter, Limited Guarantee and Registration Rights Agreement referred to in (i) and described in Section 13 - "Summary of the Transaction Agreement and Certain Other Agreements" of the Offer to Purchase included herein as Exhibit D and (iii) the information set forth in the introductory note to Amendment No. 1 included herein as Exhibit C, including the descriptions of the Assignment Agreement and the Transfer Agreement referred to therein, is incorporated herein by reference.  The descriptions of the Transaction Agreement, Governance Agreement, Voting Agreement, Equity Commitment Letter, Limited Guarantee, Registration Rights Agreement, Assignment Agreement and Transfer Agreement are qualified in their entirety by the full texts of such agreements, which are included herein as Exhibits E, F, G, H, I, J, K and L and are incorporated herein by reference.

In connection with the Reorganization, the INEOS Shareholders have entered into an amendment of the letter agreement providing that any decisions pertaining to the voting or disposition of any shares in the Issuer held by ISL shall require a written direction from INEOS reflecting an affirmative vote by a majority of the INEOS Shareholders (the "Letter Agreement", attached hereto as Exhibit M).

To the Reporting Persons' knowledge, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any person with respect to any securities of the Issuer.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** INEOS Services Limited

**Signature:** /s/ Simon Morland

**Name/Title:** Simon Morland/Director

**Date:** 06/29/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** INEOS Limited

**Signature:** /s/ Steven Quayle

**Name/Title:** Steven Quayle/Director

**Date:** 06/29/2026