MOYES GIVEN 180 MILLION EUROS TO SPEND IN NEXT TWO WINDOWS
David Moyes' eight-month Manchester United reign has been conspicuous by its transfer inactivity.
But Britain's highest revenue-generating club will back its beleaguered manager to the hilt over the next two windows. Goal UK understands that a war chest of 180 million euros is available to Moyes for new players in January and over the summer.
The Glazer family, which owns United, recognizes there needs to be considerable investment in the squad to re-establish the club as one of Europe's most dominant. With its global money-making machine operating in top gear, United has 100 million euros in the bank and is generating 96 million euros a year in free cashflow thanks to a long list of local partners.
There is a recognition in the United boardroom that long overdue reinvestment in the squad is required — whatever the results achieved by the team in the second half of the season. Club officials are said to be confident of weathering a season-long absence from Champions League, and this would not markedly effect the funds available to Moyes in the summer window.
The bigger concern of failing to achieve a top-four finish would be in the difficulty of attracting the type of player that is needed to improve United's squad.
Yet there is no doubt within the Old Trafford corridors of power that Moyes needs backing in the market to build on the sustained success of the era of Sir Alex Ferguson, who oversaw the team's dominance despite a net transfer outlay of 27 million euros.
VAN PERSIE AND ROONEY WILL AVOID POTENTIAL PAY CUT
Manchester United could let a number of big-money earners leave the club when their contracts expire this summer. But Robin van Persie and Wayne Rooney will not see their wages reduced if the club misses out on a place in the Champions League.
Van Persie and Rooney both earn around 300,000 euros a week, which is protected against failure to finish in the top four by the conditions of their current contracts, expiring in 2016 and 2015 respectively. However, United still stands to save a potential 386,000 euros a week should it allow a trio of experience defenders to leave Old Trafford when their deals end this summer.
Rio Ferdinand (145,000 euros a week), Nemanja Vidic (133,000 a week euros), and Patrice Evra (109,000 a week euros) could all be on their way out of the club at the end of the season. And the savings would balloon even further should the likes of Tom Cleverley (48,000 euros a week), Chris Smalling (66,000 euros a week) and Javier Hernandez (84,000 euros a week) be offloaded.
- Paul Clennam
- Sports & Recreation
- David Moyes