According to The Athletic, Manchester United has a £300 million limit with Bank of America, which offers them flexibility for spending in future.
The Red Devils obtained a line of credit from Bank of America Securities for the Covid period. Since then, they’ve been able to sign players. United were able to sign Casemiro and Antony, two Brazilian players, thanks to a short-term loan.
On what has been branded a “business credit card,” they currently owe £206 million. Old Trafford might make a payback shortly, but they intend to use the same strategy for summer signings.
As long as the financial fair play thresholds are not surpassed, they may spend up to £300 million. United intends to sell more players in an effort to balance the books. They have a lot of debt right now, but it won’t stop them from adding playera to the squad.
Although they owe £960 million, the Red Devils have agreed to pay back the £200 million balance on a “revolving credit facility” by June 30.
United still owes other clubs £55 million in future transfer installments, leaving them with a balance of almost £280 million.
Erik ten Hag is unconcerned if the Glazers are still in place for the upcoming transfer window since he has £300 million to spend. Ten Hag would need fresh players before the Red Devils’ July preseason tour of the United States.
Ten Hag is looking for a new striker, an eighth midfielder, and an offensive right back. It is up to him and the scouts to decide which players are the best fit for the project given the available funding.
