This has been an extremely slow and frustrating transfer window with only one transfer in almost 6 weeks. We’ve currently spent £15mil on Daniel James (a Left Winger) who has plenty of potential, but with seemingly limited funds, would the money have been better invested elsewhere?
It’s frustrating to see other teams that have also had poor seasons having major rebuilds (Real Madrid), even teams that have an already established team being strongly linked with players that we would love to see sign for our club.
Below is a table that I feel explains a lot. It shows the total revenue, net transfer’s spent and % Revenue spent on transfers since Man Utd won the title in 2013.
‘Glazer’s need to Spend Some Money!’
The Glazers have had a lot of bad press recently largely due to lack of transfer activity this summer, when the club needs a massive overhaul of players. However, is a lack of spending a fair criticism of the Glazers? In short no. Man Utd are by far the biggest net spenders in the transfer market over the last 7 years; outspending the next nearest team, Man City, by over £125mil. We’ve spent over double Real Madrid (including transfers already completed this summer), and well over £300mil more than PSG. Money spent is not the problem!
The biggest problem lies with a mixture of transfer policies over the last few years. However, managers have come and gone; one constant remains in charge of a failed transfer strategy, Ed Woodward. Time for a Director of Football? <– Is this really a question?
‘But Man Utd earn more so can spend more’.
Yes, that is correct. So the question is, how much of the revenue do Man Utd spend on transfers, and how does that compare to the other 15 richest teams in world football?
Man Utd have spent an average 12.01% of their revenue on net transfer spend. That’s an average net spend of £82mil a season. Real Madrid have spent just over half of their respective revenue 6.35% (including the £272mil already spent this summer). Only two teams have spent more in relation to their revenue than Man Utd: Man City and Inter Milan. PSG are just behind United with 11.99%, despite earning less and spending over £300mil on Neymar and Mbappe. It begs the question, what have we been doing with our money!?
Part of the problem is we seem to get charged a premium compared to other teams for the same/similar players. However, the bigger issue appears to be selling players. If I told you the team below was sold for a combined £32.4mil, you’d see that retention of transfer kitty doesn’t happen through sales. We’re almost like a charity in that sense. Other teams do spend huge amounts of money, but their net spend isn’t as big as Man Utd’s because they sell big too.
PSG, Man City and Inter Milan vs FFP
Slightly worryingly, the teams that have spent within the same region of their revenue on transfer have all either been investigated, or are currently being investigated for breaches of Financial Fair Play Rules. Fortunately so far Man Utd have not; but could this be a reason for a quiet few years in the transfer market?
Man Utd’s £100mil Transfer Budget
There have been rumours in the press that that board have only released £100mil for transfers this summer, with any extra money to be funded from player sales. Whilst most (including myself) scoffed at such a low investment for such a big summer; on closer inspection I don’t think this figure is too far off. Here’s why: Man Utd spend on average 12% of the revenue each season. The club’s revenue this year is £795mil. 12% of that is just over £95mil.
HOWEVER, the last time Man Utd finished outside the top four; they invested 24% of the revenue that season. So if they were to invest the same amount this season, we’d have £195mil to spend before sales. I guess we will find out soon (hopefully).
The club desperately needs reinforcements in various positions for next season. It looks as though Aaron Wan Bissaka is set to move to United for £55mil, and the potential for Bruno Fernandes for £60mil. This would mean United would have at best, £65mil left in the kitty before they need to sell. Who would you buy? Who would you sell to raise funds? Let us know in the comments below.
Hope you enjoyed the read. Not defending the owners, but I have realised that the Glazers invest the most hard cash, and the third highest funds in terms of income compared to other top teams in the world. The majority of problems lie with the transfer policies and extremely poor negotiations when selling players. Hopefully it changes this summer. Hang in there fellow reds!