Cristiano Ronaldo has lost a fortune after the immediate release from his Manchester United contract.

He has missed out on £11.5m after his contract was terminated without a pay-off.

The Red Devils confirmed on Tuesday evening that the Portuguese superstar's deal with the club had ended "with immediate effect".

Ronaldo's Man Utd contract was ripped up on Tuesday

But prior to the decision, United chiefs took legal advice in an attempt to avoid having to hand Ronaldo any form of pay-off.

They were keen to get rid of his £360,000-a-week contract without compensation.

And The Telegraph reports that United "wanted a swift, clean resolution" which they have achieved.