Stefan Borson: Man United hit by shattering transfer blow

Michael Carrick is likely to be hit by a huge transfer squeeze as a result of Manchester United reaching £1.1billion of debt since the Glazers' takeover in 2005.

That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider that investment on the pitch is what is being impacted the most.

Man United borrowed another £90million during the summer, taking the club's total to over £1.1bn, with the need for more spending on players.

Michael Carrick's additions to the squad - Andrey Santos, Youri Tielemans, Carlos Baleba and Karl Darlow - cost the Red Devils £191.7m.

It is not clear exactly where all of that money was spent, with the transfer fees for those four players not adding up to nearly as much as stated in the accounts.

Man United's new debt total is taking its toll at Old Trafford, and it is now believed that this will continue to impact on the manager's ability to sign new players.

Man United to struggle in upcoming transfer windows

Speaking exclusively to Football Insider, Borson believes that United simply don't have the money available to spend more on transfers.

"The issue really is how it stops United spending on footballers because, ultimately, if they've got loads of debt, they can't raise any more debt," he said.

"If they've got limited cash and the owners are not prepared to put more cash in, ie pounds and pence, to actually pay bills, then they're restrained.

"They've got to keep a budget because they just haven't got capital to actually make the payments that would be required if they had a high wage bill, or bought more players.

"You need to separate the fundamental risk to the club. United either have to become much more profitable on the field or the owners stick in a whole load of additional capital."

Is Michael Carrick being saved by Man United's money-saving antics?

United were forced to borrow more for the limited amount of signings they secured during the summer, so what does that say about the manager?

Borson has already suggested that Man United would need to pay £10m to sack Carrick this season, and that's without paying for his replacement.

Football Insider understands that the Red Devils are admirers of Fabian Hurzeler, but the Brighton boss could set them back another £10m.

United's money-saving antics could certainly be buying Carrick more time, with his side currently sitting 12th in the Premier League table.