Despite the additional funding, Manchester United cannot afford to embark on an enormous spending frenzy under Sir Jim Ratcliffe.
Chief INEOS executive Ratcliffe has invested a little over £1 billion, or 25%, in United, and he and his group will be in complete control of football operations.
According to reports, United is looking to bolster in four areas during the summer transfer season. United has also announced the entrance of new CEO Omar Berrada from rival Manchester City.
However, Erik Ten Hag is reported to be limited in his ability to spend on new players after United just set an undesirable club and Premier League record.
Kieran Maguire, a finance expert, argues that United still owes a record amount in transfer fees.
Deals are frequently done in installments rather than cash up front, and the amount has continued to rise at Old Trafford, affecting transfer plans significantly.
“I’ve seen the documents – Manchester United’s transfer payables have increased to £364 million which is a record not only for the club but also for any club in the history of the Premier League,” Maguire said, speaking to Football Insider.
“If you owe a lot of money on a credit card, then going out and having another spending spree using that card is not always the best strategy.
“It does indicate that January 2024 could potentially involve cash going out of the club – but not for new signings.
“Also, when it comes to the summer of 2024, United will have significant financial commitments to other clubs in the shape of instalments for previous signings.“
United’s transfer fee spending in recent years has been unsuccessful, and it has been revealed that Berrada plans to implement a new rule upon his arrival.
According to Fabrizio Romano, if players do not perform after one or two years, they will be let go.
