According to reports from the Irish Examiner who have cited a London based investment director Andy Green claim that Manchester United are yet to pay more than £100m for their summer transfers.
The Red Devils had a gross spend of £181.5m (€246m) bringing in the likes of Ander Herrera, Luke Shaw, Marcos Rojo, Angel Di Maria, Danny Blind and also the loan deal of Radamel Falcao.
However the report claims that the Old Trafford side have raised just £75.4m (€102.5m) from players sold, thus leaving the club with a net spend of £106.1m (€144m). United’s gross spend was actually the highest in a transfer window in Premier league history.
Green also writes that the figure is £40.3m greater than the club’s cash balance which means it is imperative got Louis Van Gaal’s side to qualify for the Champions League next season. Also the £100m that the club owe in transfer fees to other clubs is more than a whole year’s cash profits.
Green who is also a former United season ticket holder also specifies, “Accepting credit from the people you buy from is as old as the hills and a sensible way to fund any business. But the £100m+ owed has to be paid over the next one to two years.”
“That’s going to put pressure on the club’s cash flow, making it even more imperative to get back into the Champions League and even more problematic if we don’t.”
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