There is a lot that needs to change at Manchester United in order for us to be success on the pitch again. INEOS know that which is why we are preparing ourselves for some drastic changes to the club’s approach to club structure as well as recruitment.
Sir Jim Ratcliffe and the rest of his INEOS crew know they need to improve the playing squad in order to bring back the glory days, and that could take time in a fiercely competitive Premier League.
Unfortunately, a lot the mess that needs cleaning up has been left by the Glazer family.
There’s a historic £364 million milestone hanging around the club’s neck which is likely to preclude Ratcliffe and co from spending big in the near future.
Finance expert and friend of Stretty News, Kieran Maguire, has looked closely into the situation at Old Trafford. He claims United owe a record-breaking amount to other clubs when it comes to transfers.
“I’ve seen the documents – Manchester United’s transfer payables have increased to £364million which is a record not only for the club but also for any club in the history of the Premier League,” he told Football Insider.
“If you owe a lot of money on a credit card, then going out and having another spending spree using that card is not always the best strategy.
“It does indicate that January 2024 could potentially involve cash going out of the club – but not for new signings.
“Also, when it comes to the summer of 2024, United will have significant financial commitments to other clubs in the shape of instalments for previous signings.”
None of us expected United to be busy in January, so this shouldn’t come as a surprise. United need to sort out their books, fix the problems that exist with FFP and then we will be able to breathe in the transfer market.
The appointment of Omar Berrada as CEO has sent shockwaves throughout the football world.
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