Manchester United has been put up for sale - the club's owners the Glazer family have confirmed.
Reports emerged earlier on Tuesday that the Glazers had begun the process of seeking outside investment, either as a partial sale or a full-scale takeover - on the same day the club terminated the contract of Cristiano Ronaldo. A statement issued by the Glazers to the New York Stock Exchange has clarified the reports and confirmed the next steps the club are taking in the process.
The statement read: " Manchester United plc, one of the most successful and historic sports clubs in the world, announces today that the Company’s Board of Directors is commencing a process to explore strategic alternatives for the club.