289 Sports > Football > How much more can Manchester United spend? Enough to buy Baleba! La Jue said it was about to go bankrupt but spent 200 million yuan to reveal the secret
How much more can Manchester United spend? Enough to buy Baleba! La Jue said it was about to go bankrupt but spent 200 million yuan to reveal the secret
After experiencing the worst season ranking in half a century, Manchester United missed the European game, and his boss La Jue even claimed that the club was on the verge of bankruptcy. In this case, people thought the Red Devils' transfer this summer would be more calm. Unexpectedly, after spending 133.5 million pounds to sign Cunya and Mbemo, Seshko joined again for a high price of 74 million pounds. Moreover, even the rumors of signing Mr. Baleba are becoming more and more intense.
Manchester United can invest such a huge amount of money in transfer signings this summer, which may be confusing to some. After all, the club did not sell any of them this summer. Although Rashford left the team, he rented them to Barcelona for free for one season. But even as the fiscal situation tightens, Manchester United is still considering making more signings, and goalkeepers and midfielders are believed to be likely to sign.
This is mainly because Manchester United calculates the accounts of "Red Football Co., Ltd." registered in the UK (Cayman Islands) in the Premier League PSR profit and sustainability development rules, rather than its New York PLC. This leaves some expenses not included.
The Times disclosed that during the recent three-year PSR cycle, Manchester United PLC's total pre-tax loss was 311.9 million pounds, while Red Football "only" 200.6 million pounds.
In addition, Cunha's signing was officially announced on June 30, which means that the cost of his joining - £62.5 million transfer fee plus other expenses, the total amount of £71.3 million will be included in the 2024/25 season in accounting.
Plus £272.1 million invested as of last season, Manchester United's total spending reached £343.5 million, the third highest single-season spending in English football history. But Liverpool may soon surpass it and Manchester United will drop to fourth place.
This is still the highest expenditure in a single season in Manchester United history. Over the past three seasons, the club has invested more than £200 million in the introduction of new players every year. Meanwhile, Manchester United's selling skills are very poor, earning £66.3 million last season, which is the second highest amount of player sales in the past decade. This brought net spending last season to a record £277 million.
Sir Jim Ratcliffe said last year that Manchester United was on the verge of bankruptcy, which was obviously an alarmist statement, in order to find a suitable excuse for his layoffs. The move may be unhuman, but it works, with the club saving tens of millions of pounds after Manchester United fired more than 450 employees last year. Manchester United also cut wage expenditure significantly in the latest quarter, down 21% to £71.2 million. Therefore, Manchester United's so-called fiscal deficit problem is actually far from as serious as before.
Theoretical calculations are that Manchester United may lose 141 million pounds in the 2024/25 season, but in actual calculations, Manchester United's financial report is controllable and can be controlled at least not exceeding the specified level of 105 million pounds within three years.
Manchester United will not have European competitions in the new season, and Adidas' sponsorship fee will also need to be punitively reduced. However, although he did not sell the players, he got a share of the second transfer of youth training players who played for other teams. Ellanga, Alvaro Fernandez Carreras and Maxi Oyedelai brought 20 million pounds, and Sancho was compensated by Chelsea's return of 5 million pounds.
Of course, if Manchester United fails to sell Sancho, the above £5 million will be offset in the financial report, as the club will have to pay his salary for one season. So, the Red Devils are very eager to sell the 25-year-old England winger, even if the price is not that good.
financial report shows that as of the end of March, Manchester United's cash balance was 73.2 million pounds. The club also has a RCF loan amount of 300 million pounds, using only 160 million pounds. So, Manchester United has enough funds to pay for the transfer fee of Sheschko.
And the club can later bring considerable income and improve financial data by selling players such as Garnacho and Anthony. At the same time, once Seshko joins, Hoylund may also be sold, and Manchester United only priced at £30 million, which will cause a loss of £13 million in PSR, but at the same time bring more cash flow.
The limit of funds that Manchester United can use this summer is 230 million pounds, and now spends 145 million pounds on Mbemo and Seschko. If they have to force the purchase of Brighton midfielder Carlos Baleba, it can also be operated, but that is a risky behavior that will make the club's cash almost exhausted. In that case, the transfer department will have to recover funds by selling Sancho, Garnacho, Anthony and Hoylund. Based on Sancho's 15 million pounds, Ghanacho's 40 million pounds, and Anthony and Hoylund's 30 million pounds, it can bring 115 million pounds.
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