Manchester United revealed on Tuesday that it is exploring strategic alternatives, including a new investment or the sale of the Red Devils. The announcement comes after Cristino Ronaldo's departure from the club was confirmed.

In press release quoted by the Echo, the English club reports that the Glazer family has begun the process of exploring strategic alternatives in order to "enhance the future growth of the club". "As part of this process, the Board of Directors will consider all strategic alternatives, including a new investment in the club, a sale or other transactions involving the club," it reads.

In this regard, Manchester United also said that the Board of Directors will be "evaluating various initiatives to strengthen the club", such as the possible redevelopment of the stadium and infrastructure and the expansion of the club's commercial operations on a global scale. The aim is "to increase the long-term success of the club's men's, women's and youth teams and to bring benefits to supporters and other shareholders".

The American Glazer family became shareholders of the Premier League club in 2005. Quoted in a statement, Manchester United's directors and co-chairmen, Avram Glazer and Joel Glazer, emphasize that the club's "strength" "lies in the passion and loyalty of the global community of 1.1 billion fans and followers.

This news comes just a few hours after the British club announced that Cristiano Ronaldo has left Manchester United, after terminating his contract by mutual agreement with immediate effect. The departure follows the player's bombshell statements in an interview with presenter Piers Morgan, in which he accused the club of betrayal and that he was being forced out.