Finally some facts! Very informative post Infra-red.
To add. Here is a copy from 2020 Q3 report (manutd.com) regarding outstanding transfer fees.
https://ir.manutd.com/~/media/Files/M/Manutd-IR/Governance Document/manchester-united-plc-3q20-interim-report.pdf
TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS
Contractual Obligations
The following table summarizes our contractual obligations as of 31 March 2020:
(2) Long-term debt obligations
......
Less than 1 year £184,058
Also.
Our cash reserves in March 31 2020 was £90.251m.
Our match day revenue in the period of April - June 2020 is probably next to nothing. Our broadcasting revenue will probably also decrease. Our only steady income in this period would be the commercial revenue.
With this in mind there is no way we will up front spend more then approximately £50m, probably less. Our only chance to increase our transfer budget is to sell before we buy.
Forget about our new credit. These 150m is financial security if the pandemic continues another 12 months or so.
Regarding Dortmund they reported a loss of €40m ish something. If they don’t have enough cash reserves they also need to take a loan to cover their losses, if they decide to keep Sancho.
I ask myself why Dortmund CEO Watzke must repeat in media that he won’t budge on the asking price? “No corona discount“. Why scream so load if you are comfortable with your stance?
Nothing is written in stone but from Dortmunds perspective it probably would be wiser to cash in on their most valuable asset to cover their losses instead of waiting another year. That’s how I see it. Nobody knows when this pandemic will ends so....