Football finance expert Kieran Maguire has given the Manchester United fanbase a positive update on the club’s chances of spending money in January.
The financial fair play situation of Manchester United has been bleak with clubs in the Premier League only allowed to lose £15 million over three years, but £90 million can be invested from owners.
However, with the Glazer family at the helm for the past 18 years, it always seemed unlikely that they would be willing to put their hands in their pockets and invest.
With Sir Jim Ratcliffe set to acquire a 25 per cent stake in the club, however, this could be key to United being able to spend come January.
Maguire on United’s spending
“Wheels are already in motion at most clubs for the January transfer window,” Maguire said when speaking to Stretford Paddock. “I think it’s fairly common knowledge that Manchester United were on the upper end of their financial fair play limit.
“Part of the reason for this is that under the rules you’re only allowed to lose £15 million over three years but with the Glazer family, they have chosen not to invest which means United are at a disadvantage compared to owners who can.
“With Ratcliffe, however, having that deal agreed by the 31st of December would increase the budget in January, if he is willing to put money in.”
MORE UNITED STORIES
United may well need to dip into the January transfer market to stop the slide down the table and keep in touch with the top four.
United’s January targets
It looks like a centre-back may well be a high priority with Jean-Clair Todibo the top target according to CaughtOffside, which could spell trouble for Raphael Varane’s future at the club.
As well as a centre-back, a midfielder may be looked at but that may well hinge on the future of Casemiro, who has struggled this season. Ratcliffe has made his stance on the Brazilian’s future perfectly clear.
The ownership change would need to be completed by the 31st of December and the hope will be that Paul Mitchell would be in place by the time the year ends, too.