Man United summer transfer plan demolished by ‘£380m’ reveal – Kieran Maguire
Man United are “dancing on the head of a pin” to comply with financial regulations because they still owe £380million in transfer instalments.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that United’s huge transfer debt has stopped the club from signing players in recent windows.
As revealed by Football Insider, United have stepped up their search for a football finance ‘specialist’ responsible for helping the club to comply with regulations.
It is understood that the Red Devils are close to the limit of the Profit and Sustainability Rules after their heavy spending in recent years.
United failed to sign a single player in the January window due to their budget being restricted by the regulations.
Man United ‘specialist’ must tackle £380m transfer problem
Maguire admitted that he was shocked that a football finance manager wasn’t already in place at Old Trafford and believes the new role will “pay for itself” if they can tackle the club’s £380million transfer debt.
“It does seem late for somebody to be brought into Man United for this role,” Maguire told Football Insider’s Sean Fisher.
“At the same time, we have noted in recent windows that Manchester United have been dancing on the head of a pin to comply with the regulations.
“The level of spending has been below the expectations of many fans.
“Part of the reason for this is that those fans don’t realise that Manchester United have £380million in outstanding instalments which are due for previous signings.
“People don’t look at their credit card bill when they’re spending money.
“If this role and the person involved is able to help Manchester United create a strategy for recruitment, then that job will pay for itself many times over very, very quickly.“
In other news, Major update on Man United manager search with 44-year-old in pole position
For more Man United and exclusive news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.