The Glazers have taken copious amounts of money from the clubs in dividends over the years and that’s why they were fined this year, because they have never invested a single penny of their own money!
Had they invested the £90m allowed over the last 3 years, the club would be able to operate in a completely different way this summer. Most of the clubs transfers are not paid in upfront payments but amortised over 4/5 years, Deals like Antony was signed on 5 years at £82m or £16.4m per season plus wages of £10m per year so he currently costs the club £26.4m from our allowance if £567m this summer, if you go through the whole squad and add this summers transfers which have all been amortised, there should be £25-30m net left over and the three transfers made are all 5 year contracts so £43m for Onana £8.6m per, Mount £55m or £11m per year and then R Hojlund at £12.8m, of course we need to add the wages to those figures but we have also lost De Gea wages, Fred wages, P Jones, Tuanzebe, Ronaldo(6months),
Sabitzer(6 months), A Teles, Weghorst which is £1.1m per week or £57m per year saving, even if we add Rashford new contract, Onana, Mount and Hojlund wages that’s only about £32m which means there is already a net saving of £25m on wages plus the saving in last years accounts because of the clause in all the squads contracts that reduces by 20/25% if they fail to qualify for the Champions League.
The Financial sustainability rules which start this year are not overly complicated but extremely transparent, even Fifa have put in new Agents examinations and stringent changes to maximising the Agents fees to between 5 and 10% now so the days of Agents earning £30-40m out of a transfer are no longer an option.
The simple fact is, the Glazers can not continue to own the club without Some form of investment, because the club is no longer making profits but instead makes a loss due to nearly £30-40m per year being paid by the club in interest payments just to service the historic debt of £560m.
Next year FSP reduces to 80% which will have a significant impact, especially if the Glazers are still in charge of the club. The first thing any new owners would want to do to have a significant affect on transfers is to pay the historic debt off first then to pay of all the amortised transfer debt owed by Man United to the various clubs around Europe.