Man United could get ‘extra £75m’ to fund unexpected signing spree
Manchester United could get an extra £75million to fund their unexpected summer spending spree after completing the signing of Benjamin Sesko.
There hasn’t been a wave of new signings at Old Trafford, but Ruben Amorim has added attacking quality to his side.
Man United signed Bryan Mbeumo and Matheus Cunha earlier this summer before agreeing a deal with RB Leipzig for Sesko.
The Manchester giants beat Newcastle United to the Slovenia international’s signature, with the deal worth £73.7million including add-ons.
Man United have also been linked with Carlos Baleba, but Brighton are believed to be looking for a fee in excess of £100million.
The 20-time English champions are attempting to move on several out-of-favour stars this summer to boost their budget, but Marcus Rashford is so far the only senior player to leave after joining Barcelona on loan.
Jim Ratcliffe could increase Man United stake
This article contains exclusive comment from Stefan Borson, a former financial adviser to Man City.
There have been questions raised about the spending at Old Trafford after co-owner Sir Jim Ratcliffe claimed earlier this year United would have gone “bust by Christmas” if it wasn’t for his cost-cutting measures, which have included staff redundancies.
Amorim’s side have now spent more than £200million on new additions this summer.
Speaking exclusively to Football Insider, Borson said: “Cash is probably their biggest challenge in terms of being able to do all these deals, but it depends how you structure the deals.
“Likewise, it depends what your access to capital is from external parties. It may be that they’re just in a good position with Ratcliffe and the Glazers to either get Ratcliffe to put more money in and buy some more shares.
“I think it’s unlikely, but it’s not impossible. Everybody will tell me it’s ridiculous to suggest the Glazers would stump up some cash. But again, it’s not impossible. I would say a lot of United fans would say it is impossible.
“It’s also not impossible that they do an equity raise from institutional shareholders. Again, pretty unlikely, but not impossible.
“Then the most likely scenario is that they just get some short-term debt. So, they have a larger facility on their working capital facility. They pay about 6 per cent on that, so 2 per cent over the bank rate, SONIA.
“So, you pay about 6 per cent per annum on that money. They will probably say, look, we can get another £50-75million that way.
“It costs us a little bit, but we’ve actually got to compete here.”
Chelsea told to increase Alejandro Garnacho bid by £10m
In terms of a potential exit at Old Trafford, Football Insider revealed on 8 August Chelsea are pushing to agree a deal for Alejandro Garnacho.
Enzo Maresca’s side are currently willing to pay £40million to land the winger, while Man United are holding out for their £50million valuation if they are to sell.
Garnacho started in 36 of his 58 outings last season, where he registered 11 goals and 10 assists.
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