Too wasteful for names like Maguire and Antony
Despite not being able to win the Premier League since Sir Alex Ferguson retired in 2013, MU has spent a huge amount of money on transfers over the past decade. The problem is that the Manchester United recruitment team makes too many mistakes in the markets, paying too much for underperforming players.
Harry Maguire is a prime example. In the summer of 2019, MU spent up to 80 million pounds (a record fee for a central defender) to buy Maguire from Leicester. But what the 30-year-old player shows is not worth the huge fee, especially he became redundant under coach Ten Hag.
Spending £ 85 million to bring in Antony, who scored only 4 goals in the English Premier League last season, is also MU’s mistake, like throwing up to £ 74 million for Dortmund in the summer of 2021 to bring “a bomb”. “Jadon Sancho on Theater of Dreams.
Even successful deals like Casemiro and Bruno Fernandes cost MU a lot of money. That is why MU is the team that spends the second most money to buy players between 2013-2022 in the Premier League, with a total of 1.67 billion pounds – just behind Chelsea – 2 billion pounds.
Man City also spends £1.67 billion on shopping seasons. But in return, they have a lot of titles, including 6 Premier League titles and 1 Champions League. Liverpool even spent much less than the two Manchester teams – 1.14 billion pounds. But they reached 3 finals of Europe’s most prestigious playground, including 1 coronation in 2020.
Earning too little from selling players
Spending too much and buying too much with “heavenly” prices, but MU earned too little from the sale and liquidation of players. Many players have left on free transfers (0 dong) such as Phil Jones, Nemanja Matic, Ander Herrera, Juan Mata and Paul Pogba. The closest could be David de Gea.
According to figures from football financial analyst Kieran Maguire, MU ranks last in the Big Six group in terms of revenue from player sales. Since 2013, they have only grossed £133m.
A number that is too modest compared to what Chelsea has done. The Blues actively offset the large expenditures over the past decade by making £ 706 million from the sale of players.
In the summer of 2019, Chelsea sold Eden Hazard to Real Madrid for 103.5 million pounds. This summer, they have also earned more than 200 million euros from the sale of players. In the near future, the number may increase with the farewells of Ruben Loftus-Cheek and Hakim Ziyech.
More than £900 million to pay interest on the debt
Season 2021/22, MU achieved revenue of £ 583 million, a slight increase compared to the previous season. Expected revenue this season is also from 630-640 million pounds, a record high in the club’s history. However, they always have to spend a large amount to pay interest on the huge debt that the Glazer family borrowed to acquire MU in 2005.
This huge debt is the main factor that causes the protest wave of the Red Devils fans to constantly protest against the American owners. They boycotted and demanded that the Glazers be kicked out as soon as possible.
It is the interest payments on loans that are ingrained in the club’s bottom line, reducing the amount they can spend on transfers under Premier League Financial Fair Play rules: Premier Clubs League is only allowed to lose a maximum amount of £ 15 million in the last 3 years.
Salary fund bulge
This is also one of the reasons affecting MU’s ability to spend in shopping markets. MU pays the highest salary of all teams attending the English Premier League 2021/22, with £ 384 million. This is the season MU is only ranked 6th on the table with the lowest score recorded in the past 30 years – 58 points, 37 points behind the champion Man City.
The return of Cristiano Ronaldo (receiving a salary of £ 480,000 / week) is one of the main reasons for the large salary fund. However, the departure of CR7 in November 2022 has helped to reduce the salary bill significantly compared to the previous season. And the departure of De Gea (who earns £375,000/week) will also help reduce the salary fund.
In short, there are many reasons why MU is only allowed to spend a maximum of 120 million pounds for the summer transfer window of 2023. Therefore, even though he desperately wants Harry Kane or Declan Rice, coach Ten Hag can only wince. … damn expensive!