Progression of the British football transfer fee record in 2001 was £38m. On 1 September 2008, Manchester City agreed a reported £32,500,000 fee for Robinho, which remained the record amount paid by a British club until 31 January 2011, when Liverpool paid £35,000,000 for Andy Carroll from Newcastle United, which was also a new record amount paid for a British player. A few hours later, the record amount paid by a British club was broken again when Chelsea paid £50,000,000 for Fernando Torres from Liverpool. On 11 June 2009, Manchester United announced that they had accepted an £80,000,000 bid from Real Madrid for Cristiano Ronaldo. The transfer was
Manchester United F.C. players. In 1968, under the management of Matt Busby, Manchester United became the first English football club to win the European Cup. Alex Ferguson won 38 trophies as manager, including 13 Premier League titles, 5 FA Cups and 2 UEFA Champions Leagues, between 1986 and 2013, when he announced his retirement. Manchester United was the highest-earning football club in the world for 2016–17, with an annual revenue of €676.3 million, and the world's most valuable football club in 2018, valued at £3.1 billion. As of June 2015, it is the world's most valuable football brand, estimated to be worth $1.2