Man United £60m deal activated - sources
Man United are set to receive a £60million sponsorship payment which will ease their PSR restrictions to spend in July, sources have told Football Insider.
The Red Devils recently announced a new multi-year front-of-shirt sponsorship deal with Qualcomm branch Snapdragon.
United are set to earn £60million per season from the deal - an uplift of around £12-£15million from their previous deal with TeamViewer.
The TeamViewer deal was initially set to run until 2026 but they struck an agreement to terminate their agreement early.
The first payment from the Snapdragon deal will be included in United’s 2024-25 accounting period, providing more financial flexibility for transfer business for the remainder of the summer window.
Man United new £60m deal to provide July transfer boost
United’s summer budget is restricted by Profit and Sustainability Rules, but the improved commercial income is set to provide the club with more financial flexibility.
As revealed by Football Insider, United are prepared to spend up to £140million this summer after choosing to stay with Erik ten Hag.
Sources have told Football Insider that United will look to do the majority of their transfer business in July when their PSR restrictions ease.
They submitted an opening bid of around £35million for Everton star Jarrad Branthwaite this week.
Football Insider revealed that United are now planning to submit a second offer for Branthwaite this week.
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