Manchester United's £197m summer spending spree has created an unexpected financial paradox. Despite their significant investment in new players, Profit and Sustainability Rules (PSR) constraints are now limiting their ability to pursue key targets like Brighton's Carlos Baleba.
The financial disparity with rivals highlights United's fundamental problem. While Liverpool spent £252m gross but achieved a net spend of just £83m through player sales, and Chelsea's £240m outlay resulted in a £34m net spend, United's lack of sales means their net spend matches their gross expenditure almost entirely.
PSR pressure mounting
According to Swiss Ramble analysis, United can afford to lose £129m for the 2024/25 season while remaining PSR compliant. However, their reported three-year losses of £313m significantly exceed the £105m maximum, making player sales crucial for future compliance.
The club's revenue guidance suggests £670m for the current period, £10m more than the previous year despite their disappointing league finish. But high wages and amortisation costs mean another substantial loss appears likely without European competition revenue.
Brighton's resistance frustrates United
Brighton have rejected multiple approaches for Carlos Baleba, including player-plus-cash offers. The midfielder, who joined Brighton from Lille in 2023 for £23m, is now valued at around £112m with his contract running until 2028.
Only the Mirror reports that current United players are actively contacting Baleba as part of a recruitment charm offensive beyond the formal negotiations. The £89m difference between his original fee and current valuation represents the cost of United's delayed decision-making.
Sales strategy becomes priority
United retain significant global revenue potential and access to a £300m revolving credit facility. However, immediate focus must shift to player sales before pursuing major signings like Baleba.
Marcus Rashford's loan deal provides over £10m in wage savings this financial year, while potential exits of Alejandro Garnacho could generate around £50m in pure profit. Rasmus Hojlund's departure could recoup over £30m in remaining book value, providing crucial balance sheet relief.
Sources used: "Manchester Evening News", "Mirror" Note: This article has been edited with the help of Artificial Intelligence.
