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,
Glazer ownership of Manchester United 28 June said that Red Football's shareholding had reached 98% (259,950,194 shares), prompting a squeeze out of the remaining shareholders. The final valuation of the club was almost £790 million (approximately $1.5 billion at the exchange rate at the time). As a result of the Glazer takeover, a small group of disgruntled Manchester United supporters created a new club called F.C. United of Manchester. This so-called "phoenix club" was accepted into the North West Counties Football League second division, six promotions away from The Football League, and secured promotion in each of its first three seasons, twice as league champions.