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Manchester United up for sale as Glazers announce plans to leave Old Trafford

The Glazer family has announced it is “commencing a process to explore strategic alternatives” for Manchester United, potentially bringing an end to its 17-year ownership of the club.

On the day it was also confirmed that Cristiano Ronaldo had left Old Trafford by mutual consent, a statement from United on Tuesday night revealed plans to identify new investment that could lead to a potential sale. The club said the process led by their American owners will consider a number of options “including new investment into the club, a sale, or other transactions involving the company”.

The Raine Group, which oversaw the sale of Chelsea earlier this year, has been appointed as the exclusive financial adviser.

United were most recently valued at ?3.75bn but would expect to fetch far more given that a consortium led by the US businessman Todd Boehly paid ?4.25bn for Chelsea in May.

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