What is Man Utd’s transfer budget this summer?
FT Desk
- Updated: 23 May 2023 08:55 CDT
- 3 min read
New Manchester United manager Erik ten Hag will be handed a transfer budget of just €117 million (£100m) this summer.
That is according to The Sun, who claim that Ten Hag will be given only a modest amount to rebuild the crisis-hit Red Devils.
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Man Utd have spent around €1.2 billion on new players since Sir Alex Ferguson’s retirement in 2013 but the once-dominant club have endured almost a decade of massive underachievement.
United have not won a trophy for five years and not lifted the Premier League title for nine years.
Last summer, Man Utd splashed the cash on the likes of Jadon Sancho, Raphael Varane and the returning Cristiano Ronaldo, hoping they would lead the club to a title challenge.
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Instead, United have experienced the worst season in the club’s Premier League history.
They have achieved their lowest points tally since the Premier League was created in 1992.
Ten Hag has been brought in to replace interim manager Ralf Rangnick and the club hierarchy want him to develop younger players like he did so successfully at Ajax over recent years.
They want to avoid throwing away any more money and it is partly for this reason he has been given a budget of only €117m.
Given the fact United need to improve in so many positions and areas of the pitch, this will not be an easy task for Ten Hag.
But United hope that Ten Hag can identify some hidden gems at lower prices, as well as utilise the free transfer market which contains some big names this summer.
The signing of a central midfielder remains the biggest priority for Ten Hag, while it is reported by The Sun that Cristiano Ronaldo wants to stay at United.
This is despite United failing to qualify for the Champions League next season.
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