Cristiano Ronaldo’s contract terminated: Manchester United’s owners ready to sell club

Following star player Cristiano Ronaldo’s termination, Manchester United’s owners said that they are ready to sell the club, potentially bringing down the curtain on an acrimonious 17 years under the Glazer family.

The dramatic announcement of Ronaldo parting ways with the club was eclipsed just hours later by the news that 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,” the club said in a statement.

Notably, the Glazers have been unpopular with supporters ever since a £790 million ($934 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 a manager in 2013.

Manchester United have not won the Premier League title since Ferguson’s final campaign in 2012/2013 and have failed to win any trophy since 2017.

Meanwhile, after leaving Manchester United Ronaldo said, “I love Manchester United and I love the fans, that will never ever change. However, it feels like the right time for me to seek a new challenge. I wish the team every success for the remainder of the season and for the future.”