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. billion. After being floated on the London Stock Exchange in 1991, the club was purchased by Malcolm Glazer in May 2005 in a deal valuing the club at almost £800 million, after which the company was taken private again, before going public once more in August 2012, when they made an initial public offering on the New York Stock Exchange. Manchester United is one of the most widely supported football clubs in the world, and has rivalries with Liverpool, Manchester City, Arsenal, and Leeds United. Manchester United was formed in 1878 as Newton Heath LYR Football Club by the Carriage