Manchester United have been under the ownership of the Glazer family for the past 17 years, but in the past 24 hours it has emerged that the club has been put up for sale, with interested parties free to bid for the right to run the club.
The statement came on the same day that Cristiano Ronaldo was allowed to leave Old Trafford, with the Portuguese forward leaving by mutual agreement following his bombshell interview with Piers Morgan which was last week.
Here, we take a look at the latest news from a busy 24 hours in Manchester:
Read more: United open to signing forward to offset Ronaldo exit
Red Knight Jim O'Neill would consider Manchester United bid
The architect of the Red Knights' attempt to prise control of Manchester United away from the Glazer family 12 years ago would consider putting a consortium together to try and buy the club now it's on the market, as revealed to The Manchester Evening News.
But Gatley-born Lord Jim O'Neill, the former Goldman Sachs boss, would only get involved if the chances of success were strong and the Glazers lowered their 'unrealistic' demands.
Manchester United Supporters' Trust statement outlines demands for new owners
The Manchester United Supporters' Trust (MUST) has welcomed the Glazers' decision to sell the club, but has warned that any prospective buyer must be committed to the club's culture, ethos, and best traditions.
It is still early days, and there is no guarantee that any sale will go through, but the MUST believe that it is imperative that any new owner match the same values of the club.
Sir Jim Ratcliffe delivered 'bad omen'
The news that Manchester United have appointed the Raine Group as their exclusive financial advisor will not be a good omen for Sir Jim Ratcliffe after he failed in a bid to purchase Chelsea in a sale which was managed by the group.
Todd Boehly won the bidding process for Chelsea which was managed by the investment banking firm after Roman Abramovich was sanctioned by the EU and UK government.
Ratcliffe, who is the owner of French side Nice, made a last ditch attempt to purchase Chelsea which failed following the decision to sell to Boehly - could this mean that Ratcliffe will be put off a move for United despite being the current favourite?
Sir Jim Ratcliffe to bid for club
Following news that the Glazers are considering selling Manchester United, Sir Jim Ratcliffe is set to make an offer for the team.
After an unsuccessful attempt to purchase Chelsea in the summer, British billionaire Ratcliffe had indicated interest in a takeover of United, the club he supports, but the Glazers were unwilling to sell.
But now that the Glazers are "exploring strategic alternatives" as they look to bring new investment to the Old Trafford outfit, it looks like he could once again make a bid for the Reds.
The Glazers value United at £5 billion, and Ratcliffe is apparently back at the negotiating table and planning to make an offer to purchase the team, though he is reportedly adamant about not overpaying for the club.
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