Manchester United transfer budget squeezed by FFP

0 20

Sources have informed media that Manchester United’s transfer budget for this summer has been constrained by Financial Fair Play restrictions, despite the club’s positive financial performance.

In the third-quarter results, United reported a revenue increase of 11% to £170 million ($216.5 million) for the period ending March 31. Projections also indicate that the club is on track to achieve record revenues of £630 million to £640 million for the full year.

While there is ongoing uncertainty surrounding the ownership of the club, sources have indicated that manager Erik ten Hag will have the opportunity to invest in the squad during the summer transfer window.

However, the budget will be limited by UEFA’s Financial Fair Play regulations due to the club’s past expenditures.

The latest financial results did not mention the Glazer family’s “strategic review” announced in November.

The Glazer family, who have owned the club since 2005, are currently considering takeover offers from Qatari businessman Sheikh Jassim and British billionaire Sir Jim Ratcliffe, as well as several minority investment proposals.

Fans’ frustration is increasing, and on Tuesday, supporters gathered outside Old Trafford’s Megastore to protest against the Glazer family’s ownership and the ongoing uncertainty surrounding the club’s sale.

The demonstration coincided with the launch of United’s new Adidas kit for the 2023-24 season, leading to a temporary closure of the shop before customers were redirected to an alternate entrance.



Follow us on all social media platform, @Sportscliffs on Twitter and Instagram and also like our facebook page


Leave a comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Pin It on Pinterest