Manchester United owners consider sale as Ronaldo exits

LONDON - Manchester United's owners said they were ready to sell the club, potentially bringing down the curtain on an acrimonious 17 years under the Glazer family.

On a tumultuous day for the English giants, it was earlier revealed that star player Cristiano Ronaldo has left the club with "immediate effect."

READ: Ronaldo to leave Manchester United with 'immediate effect'

Weeks of turbulence appeared to have come to an end when United announced Ronaldo's contract had been terminated by mutual agreement to bring to an end his second spell at Old Trafford.

That dramatic announcement was eclipsed just hours later by the news the US-based Glazer family could also be on their way out.

"The board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the company," United said in a statement.

The Glazers have been unpopular with supporters ever since a £790-million leveraged takeover in 2005 burdened the club with huge debts.

Frustration towards the Americans has only grown during a nine-year decline in results on the pitch since Alex Ferguson's retirement as manager in 2013.

The Red Devils have not won the Premier League title since Ferguson's final campaign in 2012/2013 and have failed to win any trophy since 2017.

READ: Manchester United report £115.5m loss for 2021/22 season

United currently sit fifth in the Premier League, 11 points behind leaders Arsenal.

"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," added Avram and Joel Glazer, the club's executive co-chairmen and directors.

The statement also recognised the need for investment in stadium redevelopment.

Old Trafford remains the largest club stadium in England with a capacity of 74,000 but has not had a significant upgrade since 2006.