REVEALED: Manchester United's summer budget

Jacque Talbot

29 Jun 2023 06:25 CDT
3 min read

Erik ten Hag, Man Utd, 2022/23 — © ProShots

Manchester United have around £260million available for new signings during the summer transfer window but Financial Fair Play rules mean they won’t be able to spend it all.

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Bloomberg reports that the Premier League outfit will be restricted by the entire amount granted to them as it would fall foul of Uefa regulations.

The same report states that the Qatari group, led by Sheikh Jassim Bin Hamad J.J. Al Thani, is increasingly confident it’s won the bidding war. British billionaire Jim Ratcliffe remains in the race as the sale and ongoing saga reaches a conclusion.

The protracted takeover process has reached a crucial stage, with five rounds of bids for the club via several parties. It’s been eight months since the Glazers put the club up for sale, and it’s thought that the American family could still make a last minute-decision to refuse a sale and instead look to accept a fund from an outside investor to renovate the club’s stadium and training ground.

Ineos owner Ratcliffe has a plan that includes keeping on Joel and Avram Glazer as minority shareholders, something which makes his bid the least popular among most fans.

Joel and Avram wish to stay

Joel and Avram remain keen supporters of the team but it’s thought that the other Glazer siblings are hoping for an exit.

At this point, Ratcliffe is currently not inclined to change the structure of his deal, while Sheikh Jassim will not increase his offer. The Glazers have owned the club for 18 years and put it in sizeable debt, leading to protests of their reign.

It remains unclear when a decision will be formally announced over the preferred bidder, but the upcoming season has already been impacted upon, with Erik ten Hag still without his first major signing of the summer window.