Manchester United have embarked on a packed pre-season schedule - with a relentless tour itinerary having previously been cited as a reason behind poor starts to the Premier League campaign.
28.06.2023 - 11:07 / manchestereveningnews.co.uk
While figures at Manchester United insist the Premier League's profitability and sustainability rules limit their spending power in the transfer market, external sources maintain the biggest obstacle to Erik ten Hag sufficiently strengthening his squad remains the club's owners.
As mindful as United have to be of financial fair play, multiple sources are adamant they would have more to spend if the Glazer family topped up the club's cash flows, so low it made the announcement of the strategic review in November inevitable.
The Glazers have never invested a single penny into United since they completed their takeover in May 2005.
United sources have suggested they have a budget of around £120million, supplemented by any player sales. That is lower than the de facto £150m budget former managers Louis van Gaal, Jose Mourinho and Ole Gunnar Solskjaer operated under.
Also read: What United board members will decide at the AGM
Mourinho felt so constrained by that ceiling he blamed it for United's failure to sign Ivan Perisic in 2017. Perisic went on to score in the 2018 World Cup final for Croatia and win the Champions League with Bayern Munich in 2020.
A well-placed source says up-front fees are a current issue. United refused to meet Chelsea's demand of an initial fee of £58m for Mason Mount, with £7m in add-ons.
United also have a number of historic transfers to pay off. As of March, they owed clubs £308m in transfer fees.
That could be offset be accruing cash from the Premier League, Europa League broadcasting revenue and sponsorship payments which include deferred payments from the Covid-19 pandemic.
The mooted impending sale of United is likely to discourage the Glazers from sanctioning more funds from the credit line,
Manchester United have embarked on a packed pre-season schedule - with a relentless tour itinerary having previously been cited as a reason behind poor starts to the Premier League campaign.
Here are your Manchester United morning headlines for Tuesday, July 18.
Teenagers and young adults who have been separated from their families as they flee desperate situations are being offered a fresh start in Greater Manchester. Around 240 unaccompanied asylum-seeking children will be supported by a new project over the next three years.
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