Manchester United owners the Glazer family are set to announce their intentions to examine potential sources of outside investment which could see the club sold.
For 17 years, the Glazer family have reigned as United owners but have frequently seen United fans protest against their involvement in the club.
As reported by Sky News on Tuesday, investment bankers were being instructed by Manchester United's owners to advise on the process, which is likely to include a full or partial sale, or strategic partnership with third parties.
READ MORE: Why Arsenal, Chelsea and Tottenham could be affected by new Liverpool ownership bid
The news of a potential sale from the Glazers comes just a few hours after the announcement of the termination of Cristiano Ronaldo's United contract by mutual consent.
In the past month, Liverpool have also effectively been put up for sale by their owners Fenway Sports Group, FSG, after confirming they were willing to seek new investment opportunities in the club and since that date several possible new owners have come to light.
Liverpool and Manchester United fans have been protesting against their respective owners for a number of years sighting a lack of significant investment in transfer funds as the main reason. However, now both clubs could be set for hefty investment as potential new owners could look to oversee an overhaul similar to what has been conducted by Todd Boehly at Chelsea.
Potential new owners could impact the transfer decisions and domestic fortunes of Arsenal, Spurs and even Chelsea, despite their £240m summer spending spree.
Mikel Arteta and Antonio Conte, who both appear set to be backed, can likely now further justify the needs for investment in their first-team squads if United and Liverpool receive new investment groups that will likely aim to achieve immediate success.
Manchester United provided a second significant club statement of the day where they outlined their plans to explore strategic alternatives for the club.
The club wrote on their official website: "The process is designed to enhance the club's future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.
"As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company."
Executive Co-Chairmen and Directors, Avram Glazer and Joel Glazer, said: “The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers. As we seek to continue building on the Club’s history of success, the Board has authorized a thorough evaluation of strategic alternatives.
"We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the Club today and in the future. Throughout this process we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders.”
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