‘Reduction of costs creates space for Man Utd to invest in first team’published at 13:36 British Summer Time
Simon Stone
BBC Sport chief football news reporter
The reduction in Manchester United’s costs is significant because, as minority owner Sir Jim Ratcliffe previously pledged, it creates space to invest in the first team.
United sources say the figures prove “difficult decisions” around staffing are now starting to bear fruit and that wage reduction, plus other savings, allow for “disciplined investment” in Ruben Amorim’s squad.
They say the club is committed to complying with the Premier League and Uefa’s financial rules.
The club, who have missed out on European qualification for only the second time since English clubs returned following the Uefa ban in 1990, have already agreed a deal to sign Wolves forward Matheus Cunha from Wolves for £62.5m. Negotiations with Brentford are also continuing over Cameroon forward Bryan Mbeumo.
After their worst domestic performance since the 1973-74 relegation season, United chief executive Omar Berrada is demanding immediate improvement.
“We had a difficult season in the Premier League, which we all know fell below our standards,” he said. “We have a clear expectation of improvement next season.”