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. May. Even after the cut, Manchester United was valued at $2.3 billion, making it the most valuable football club in the world. Manchester United are one of the most successful clubs in Europe in terms of trophies won. The club's first trophy was the Manchester Cup, which it won as Newton Heath LYR in 1886. In 1908, the club won its first league title, and won the FA Cup for the first time the following year. Manchester United won the most trophies in the 1990s; five league titles, four FA Cups, one League Cup, five Charity Shields (one shared), one