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Topics: Manchester United, Premier League, Erik Ten Hag, Transfers
Ryan Smart
Topics: Manchester United, Premier League, Erik Ten Hag, Transfers
Manchester United have announced their financial results for the third quarter - and the impact on the club's transfer plans have been revealed.
United projected record revenues of £640 million, as per Manchester Evening News reporter Samuel Luckhurst, who adds in the same report that the club's long-term debt remains at £510.5 million.
The revenue represents an 11.3 per cent increase in overall revenue, and sold the most tickets in a single season since the 2016/17 campaign under Jose Mourinho.
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Matchday revenue also increased by £14.2 million, due to the fact that the club played five more home games as a result of their cup runs.
There has been speculation over whether United's financial results could affect their transfer business, with The Athletic previously reporting that manager Erik ten Hag will have an initial budget of £100 million to spend.
How Man Utd financial results will affect transfers
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According to the above MEN report, sources have insisted that United have enough money available to invest in the squad, with the relatively low budget in comparison to other top clubs due to Financial Fair Play (FFP) rules.
But the fact that money is available is a major boost for Ten Hag, who is looking to bolster his squad this summer.
United were keen on signing Mason Mount and had two bids rejected by Chelsea, before they pulled out of negotiations due to concerns over the Blues' asking price.
Daily Mail journalist Chris Wheeler, meanwhile, has added that cash and cash equivalents are both down at United - but reiterated that money is there to spend.
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He tweeted: "Cash and cash equivalents down from £95.8m to £73.7m due to investment in the team.
"However, sources say there is enough cash for more transfers this summer and that restrictions on Erik ten Hag relate to FFP [regulations]."
United spent over £200 million on players last summer, including the additions of Antony, Casemiro and Lisandro Martinez, but did not complete any permanent deals in January.
It appears as if spending will also be scaled back this summer - but Ten Hag has money to spend, and can raise extra funds from player sales.