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Although the results on the field are ideal, Ineos seem to make some progress.
Financial results
The club announced yesterday that it has set the highest income in its history.
United succeeded in turning £ 665.5 million, but this must also be understood in the context that they have still undergone a loss of £ 33 million for the year.
Wage problems
Before Sir Jim Ratcliffe bought the club, one of the most important problems that were emphasized were the blown wages that the club paid its players.
Since the Ineos have arrived, there has been a dramatic acceleration of the wage account with under -performance high earners that are sent and replaced.
Moreover, no new signing has surpassed a strict salary limit with high -profile signing sessions such as Bryan Mbeumo and Matheus Cunha that have to fit into this new structure.
Under Arsenal
Time Reports that “Manchester United’s wage account for the first time has fallen under Arsenal in the Premier League era, the annual accounts of the club have been unveiled.”
The report explains that the “cost-saving regime imposed by the Ineos operation of Sir Jim Ratcliffe at United, gets a number of high-quality players from the payroll and last season not in the Champions League contributed to the Loon account of the club with £ 51.5 million (14 percent) of £ 364.7 million”
This will make United the fifth highest spenders when it comes to wages behind: “Manchester City, Liverpool, Chelsea and, for the first time since the start of the 1992 competition, Arsenal.”
In fact, they currently spend a good £ 100 million less than their city rivals that spend £ 413 million a year, the highest of English football.
Kieran Maguire, an expert in football financing at the University of Liverpool, said: “The failure to qualify for the Champions League in combination with the dismissed by Old Trafford could lead to them falling under Arsenal for the first time in terms of wages.”
He added: “These results indicate how crucial it is for Manchester United to return to Champions League qualification if they want to compete at the highest level.”
Featured image Michael Regan via Getty Images
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