British media ᵴҺоcĸ𝔦𝚗ɡ information, Manchester United will be spending more in the summer transfer market with the amount of up to 300m pounds if the Glazer family stays at Old Trafford.
Manchester United is still in the process of transferring power, but the club’s owners, the Glazer family, are still planning some blockbuster transfers in the summer. Tottenham’s Harry Kane, Borussia Dortmund’s Jude Bellingham, and Barcelona’s Frenkie de Jong are all in the sights of the Old Trafford team.
The Glazers can use most of their £300m “credit card” for next season’s transfer market if the American owners remain in control at Old Trafford.
The Glazers have been selling Man Utd since November last year. However, the Glazer brothers and sisters have not yet agreed to sell the entire club or sell only a small amount of shares to continue to exist in the team.
Avram and Joel Glazer are understood to be reluctant to the idea of ceding full control of Man Utd to someone else after 18 turbulent years at the club. That меа𝚗s they could still be responsible for spending money on improving coach Erik Ten Hag’s squad for the upcoming summer transfer window.
Mirror Football (UK) reports that United are intending to sign Tottenham striker Harry Kane according to Ten Hag’s wishes, while the Dutch strategist is also eyeing a new midfielder, possibly Jude Bellingham, Declan Rice, or the longtime target of the “reds” is Frenkie de Jong of Barcelona.
Fans have voiced concerns about the ргоᵴрҽcт of Man Utd’s owner change process encountering obstacles, disrupting the rebuilding process of Ten Hag’s team. But the Glazers already have a plan if they decide to turn down offers from the likes of Sir Jim Ratcliffe and Sheikh Jassim bin Hamad Al Thani.
Last summer, two players Antony and Casemiro were bought by Man Utd from the “credit card” of Bank of America. These two big contracts, with Man Utd’s business, plus interest, меа𝚗 that Man Utd owes Bank of America £ 206.2 million.
In Man Utd’s recent second-quarter financial results report, there is a remarkable commitment that the “red devils” are expected to repay that loan in full by the end of June thanks to revenue. increase from sponsorships, broadcast rights, and season tickets.
However, Man Utd could soon continue to be indebted to Bank of America with a credit line from this bank of £ 300 million. Man Utd can borrow this money to invest in the team, while still helping the club comply with UEFA’s Financial Fair Play regulations.
With £ 300m, Man Utd will use to spend big on the summer transfer market, of course, the Glazer family will not use all that money just to buy stars.
Man Utd also hopes to sell a few players this summer to balance the finances to some extent, as costs currently stand at 107% of total revenue. The overall debt of the Old Trafford team is said to be close to 1B pounds, the Mirror (UK) information.
