Man United will AVOID splashing the cash on transfers despite announcing a 29 per cent revenue increase with net debt up by £52m – with focus on overhauling the club’s recruitment system in Erik ten Hag’s first summer in charge
Man United will take a disciplined approach in this summer’s transfer market The club announced a revenue increase of 29 per cent in their financial resultsHowever, spending this summer will be cautious to protect the financial model
Manchester United will take a disciplined approach in the transfer market this summer despite announcing a total revenue increase of 29 per cent in the club’s third quarter financial results.
Although the figures once again reflect that business is returning to normal at Old Trafford post-pandemic, the net debt has risen £52million since last year after the club made use of its revolving credit facility to help cope with the effects of the global Covid crisis.
Sources say that United’s £1billion investment in new signings over the past decade is a measure of the club’s commitment to improving the team, but spending this summer will be disciplined to protect the financial model.
Manchester United and new manager Erik ten Hag will take a disciplined approach in the transfer market this summer despite announcing a total revenue increase of 29 per cent
However, the net debt under the Glazer owners has risen £52m since last year after the club made use of its revolving credit facility to help cope with the effects of the global Covid crisis
United will focus on spending their money more effectively on the back of an overhaul of their recruitment system led by football director John Murtough.
Senior scouting figures Jim Lawlor and Marcel Bout have already left the club, chief transfer negotiator Matt Judge has…