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Sir Jim Ratcliffe recently cut Sir Alex Ferguson’s £2.16 million a year contract for his role as a club ambassador.
Manchester United are desperate to redirect their financial future to become more sustainable.
Over the summer, United narrowly avoided Premier League Profit and Sustainability (PSR) breaches.
Thanks to a Covid grant and lenience for the costs incurred during Sir Jim’s minority stake purchase of the club, United were able to dodge any violations.
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Now, the exact finanical details of United’s busy summer transfer business have been revealed.
With multiple heavy burdens removed off their wage bill, the club have cut around £34m from their annual salary expenditure.
14 players left United and five new players were purchased in last summer’s transfer window – here is how this business affected United’s finances.
Departures:
Raphael Varane – £340,000 per week,
Jadon Sancho – £300,000 per week – of which Chelsea are paying around £250,000,
Anthony Martial – £250,000 per week,
Donny van de Beek – £120,000 per week,
Aaron Wan-Bissaka – £90,000 per week,
Sofyan Amrabat, Brandon Williams, Scott McTominay and Mason Greenwood – between £50,000-£65,000 per week,
Facundo Pellistri – £27,000 per week,
Willy Kambwala, Alvaro Carreras, Omari Forson and Hannibal Mejbri – less than £10,000 per week.
In total, United saved just under £70m in yearly salary expenses from these 14 players leaving.
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Arrivals:
Matthijs de Ligt – £195,000 per week,
Noussair Mazraoui – £135,000 per week,
Manuel Ugarte – £120,000 per week,
Leny Yoro – £115,000,
Joshua Zirkzee – £105,000 per week.
With these big arrivals, which cost around £180m in transfer fees, United added over an extra £35m to their wage bill.
In total, this works out to be roughly £34m saved in annual salary expenditure.
With some so-called ‘dead wood’ leaving the club and their high wages heading out of the door with them, this transfer business from Sir Jim Ratcliffe and his crew is certainly shrewd.
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