2009–10 Manchester United F.C. season and United were knocked out on away goals. United announced early in the transfer window that they had agreed a world record fee of £80 million to sell Cristiano Ronaldo to Real Madrid. Shortly after this, they confirmed that Carlos Tevez, who had been on loan with the club for two seasons, had not taken up the offer of a permanent contract. Tevez would later sign for United's local rivals, Manchester City. Lee Martin, Fraizer Campbell, Richard Eckersley and Manucho also left the club for an undisclosed fee. After the departures of Ronaldo and Tevez, United sought a new striker,
Manchester United F.C. after the resumption of football following the First World War, the club was relegated to the Second Division, where it remained until regaining promotion in 1925. Relegated again in 1931, Manchester United became a yo-yo club, achieving its all-time lowest position of 20th place in the Second Division in 1934. Following the death of principal benefactor John Henry Davies in October 1927, the club's finances deteriorated to the extent that Manchester United would likely have gone bankrupt had it not been for James W. Gibson, who, in December 1931, invested £2,000 and assumed control of the club. In the 1938–39