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
Share this @internewscast.com


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 results
  • However, 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

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

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 resigned, and more changes to the recruitment system are expected following the appointment of a first director of data science.

New manager Erik ten Hag will play an active role in identifying potential signings, with Barcelona’s former Ajax midfielder Frenkie de Jong emerging as a target. He has also been linked with Ajax centre-backs Jurrien Timber and Lisandro Martinez.

Speaking after the results were announced on Thursday, United chief executive Richard Arnold said: ‘It has clearly been a disappointing season for the men’s first team. 

The club have been linked with Ajax stars Lisandro Martinez (left) and Jurrien Timber (right)

The club have been linked with Ajax stars Lisandro Martinez (left) and Jurrien Timber (right)

‘Work is well underway to address this, led by our football director John Murtough and our new manager Erik ten Hag.

‘Resilience and high standards are core values for Manchester United, and we are determined to achieve better results next season and beyond.

‘Faith in youth is another key tenet of the club and the continued success of our academy gives us confidence in the future.

‘Off the pitch, our revenues have continued to recover from the pandemic, reflecting the enduring strength of our commercial operations, which in turn support our ability to continue to invest in the club.’

Advertisement

Share this @internewscast.com
You May Also Like

Raheem Sterling AGREES personal terms with Chelsea after telling Man City that he wants to leave

Raheem Sterling on the brink of stunning £55m switch to Chelsea after…

AC Milan confirm the signing of Divock Origi on a free transfer

AC Milan finally confirm the signing of Divock Origi on a free…

Transfer news: Tottenham ‘still keen’ on signing defender Pau Torres from Villarreal

Tottenham ‘still keen’ on signing defender Pau Torres from Villarreal – who…

Christian Eriksen is a shrewd signing for Man United but he has a point to prove

The clamour for Manchester United to sign Christian Eriksen gathered pace when…

Everton legend Duncan Ferguson leaves position as first-team coach to pursue managerial ambitions

Everton legend Duncan Ferguson leaves position as first-team coach to pursue managerial…

Man United ‘make contact with Paulo Dybala’s agent’ after Cristiano Ronaldo asks to leave the club

Manchester United ‘make contact with Paulo Dybala’s agent’ as the Red Devils…

Crisis club Bordeaux’s relegation to the third tier of French football is CONFIRMED

Crisis club Bordeaux’s relegation to the third tier of French football is…

Piers Morgan claims Ronaldo wants to quit Manchester United because of ‘cocky, lazy younger players’

Piers Morgan claims Cristiano Ronaldo wants to quit Manchester United because of…