Manchester United for sale LIVE: Glazers want over £5BILLION for club – hours after sacking Cristiano Ronaldo following his bombshell interview
Follow Sportsmail’s live blog for all the updates from Manchester United less than 24 hours after Cristiano Ronaldo’s contract was terminated and the Glazers stuck the club up for sale.
Normally the captain of the national team will speak to media on the eve of a World Cup game though Sky Sports News have reported that it will be Bruno Fernandes speaking instead of Cristiano Ronaldo.
His departure from Manchester United will likely have taken a lot of the attention if he was to be put up in front of the media so not a surprising decision from Portugal.
Ronaldo though has responded to his departure from Manchester United on social media…
Sky Sports reporter Melissa Reddy says she has been told that part of the reason for the timing of United’s owners looking to sell up is that this is a ‘peak period’ for top clubs to sell at a high valuation.
Back in May, Todd Boehly’s consortium bought Chelsea for £4.25billion from Roman Abramovich, while news that Fenway Sports Group would put Liverpool up for sale came to light at the start of the month after seeing how much the Blues were sold for.
The Raine Group who are advising the United sale, were also involved in the sale of Chelsea and are said to have people on file who would be interested in buying a club.
If the club was to be sold for £5billion, then the Glazer family could be set to make a big profit.
The Americans bought the Premier League giants for £790million back in 2005.
They watched on as the club enjoyed much success in their first eight years in charge, as legendary manager Sir Alex Ferguson guided them to five league titles, the Champions League in 2008 and the Carabao Cup in 2010.
Since Ferguson retired in 2013 – the year of their last Premier League title – they have just one FA Cup, one Carabao Cup and one Europa League trophy to their name.
For a club of United’s size that is not good enough and a lot of blame has been laid on the door of the Glazers.
It will be an interesting time ahead with United and their biggest rivals Liverpool both up for sale – two very attractive propositions for any billionaires who fancy taking on a club.
The timing behind the news of the Glazer family’s intentions to sell the club is certainly interesting.
Just eight days before their confirmation, there was a significant moment as a current player of Manchester United – one of their greatest ever – tore a hole into the club’s ownership.
Ronaldo in his interview with Piers Morgan on TalkTV said: ‘The owners of the club, the Glazers, they don’t care about the club.
‘I mean, professional sport, as you know this, Manchester (United) is a marketing club. They will get its money from the marketing – the sport, they don’t really care, in my opinion.’
He also revealed how he ‘never’ talked to the Glazers and how he feared the club would languish behind rivals Manchester City and Liverpool as long as they were in charge.
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Just as Mexico’s goalless draw with Poland was coming to an end – all focus quickly turned away from the World Cup when Manchester United post their first major update of the day at 5.30pm.
The club confirmed that Ronaldo had left Old Trafford with immediate effect and in doing so, kissed goodbye to £16million that he would have received if he had finished his contract which was to expire in seven months.
United’s lawyers have been looking to tear his contract up ever since Ronaldo’s explosive interview aired in two parts.
Among his incredible claims included that he felt ‘betrayed’ by the Red Devils and that he ‘didn’t respect’ Erik ten Hag as he felt the Dutchman had showed him no respect.
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Well it seems Piers Morgan certainly thinks so! In a follow-up tweet he added that United fans should be saying ‘Thank you, Cristiano’.
Ronaldo’s interview has forced the Glazers to sell up. Incredible. 🔥🔥 https://t.co/eGnuUcYC2S
After initial reports that the club were up for sale, United confirmed the news in their statement which read: ‘Manchester United plc (NYSE:MANU), one of the most successful and historic sports clubs in the world, announces today that the Company’s Board of Directors (the ‘Board’) is commencing a process to explore strategic alternatives for the club.
The sensational news that the world’s biggest football club is effectively for sale was confirmed at 9.30pm on Tuesday night.
It is news that will be music to the ears of many Manchester United fans who have long protested their ownership.
The last 18 months of the Glazer reign has been marred by widespread fan protests, somewhat initiated by the failure of the planned breakaway Super League last April.
And the price to buy the most successful club in England? £5billion. This compares to Liverpool where we previously reported could be anything up to £4billion.
The Raine Group and Rothschild and Co have been appointed as exclusive financial advisors to oversee the process. United said it is designed to enhance future growth, but added that the club ‘will consider all strategic alternatives, including new investment into the club, a sale, or other transactions’.
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Good morning everybody and hope you’re well!
Just when you think all the focus is on the World Cup, two blockbuster news come out of Manchester United.
It was confirmed last night that Cristiano Ronaldo is no longer a Manchester United player in the aftermath of his bombshell tell-all interview with Piers Morgan. That one was to be expected.
What United fans probably would not have expected was the follow-up news that the Glazer family have admitted that they are ready to sell Manchester United after years of protests against their ownership of the club.
They want at least £5billion – but may demand as much as £9billion.
Sportsmail will be bringing you all the reaction to the Glazer family’s intentions to sell the club, as well as Ronaldo and United’s acrimonious split throughout the day.
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