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Manchester Evening News
Manchester Evening News
Sport
Samuel Luckhurst

Manchester United's transfer plans unaffected by financial results

Manchester United's summer transfer plans are unaffected by their financial results after they projected record revenues of up to £640million.

Sources insist United have enough cash for investment in the squad and the limiting factor are the Financial Fair Play rules. United have a budget of just over £100million, which will be supplemented by any player sales.

In their financial results for the third quarter, there was no mention of the strategic review which could result in a takeover of the club or United's debt. It is understood the long-term debt remains unchanged at $650million (£510.5m).

Also read: United face three key dates ahead of possible takeover

United posted an 11.3% increase in overall revenue, as well as record matchday attendance after the club sold 2.4 million tickets last season - the most since the 2016-17 c.ampaign. United also published record matchday hospitality revenues.

The club's commercial revenue increased by £3.8m due to a rise in sponsorship revenue and retail. United had five more home games in 2022-23, which increased matchday revenue by £14.2m. There was a dip in broadcasting by £800,000 as United played in the Europa League rather than the Champions League.

Around 100 supporters protested outside the Megastore at Old Trafford on Tuesday as United's owners, the Glazer family, continue to mull over proposals to buy the club from Sheikh Jassim Bin Hamad Al Thani and the Ineos group.

The Glazers announced a strategic review on November 22 and the first deadline for offers was on February 17.

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