The club's American owners are ready to part ways with the club.

The Glazer Family are weighing up the possibility to sell Manchester United, a fresh report from the UK have revealed. The American owners of the Premier League club are set to 'formally announce' a potential auction of the club.

Fans of Manchester United have, over the years, persistently protested over the Glazers' ownership. The sentiments have mostly been about the family's poor management which they believe has resulted in the decline of the club. In Cristiano Ronaldo's infamous interview with Pier Morgan, the Americans came under heavy criticism from the Portuguese star.

Currently, there is the belief that the reign of the Glazers could be nearing its end. According to Sky News, family is willing to end their 17-year ownership of Manchester United and could "formally announce" their decision in the coming days. The report suggests that they are in consultation to facilitate a "full or partial sale, or strategic partnership with third parties" as they look at securing outside investment for a different venture.

The reported development involving the Glazers comes after Manchester United reached a mutual agreement with Cristiano Ronaldo to terminate his contract on Tuesday.