The Glazer family have announced they are open to selling Manchester United.

United issued a statement on Tuesday to reveal they are "exploring strategic alternatives," including new investment or a full sale. The Glazers completed their takeover in 2005.

The statement released Tuesday read: "Manchester United announces today that the board is commencing a process to explore strategic alternatives for the club.

"The process is designed to enhance the club's future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.

"As part of this process, the board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the company.

"This will include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club's commercial operations on a global scale, each in the context of enhancing the long-term success of the club's men's, women's and academy teams, and bringing benefits to fans and other stakeholders."

The news comes on the same day that Manchester United announced that Cristiano Ronaldo would leave the club after a "mutual agreement" was reached by the two parties.