{"id":299242,"date":"2023-12-13T14:24:11","date_gmt":"2023-12-13T14:24:11","guid":{"rendered":"https:\/\/sportslifetale.com\/?p=299242"},"modified":"2023-12-13T14:24:11","modified_gmt":"2023-12-13T14:24:11","slug":"man-utd-transfer-budget-to-be-slashed-despite-sir-jim-ratcliffe-deal","status":"publish","type":"post","link":"https:\/\/sportslifetale.com\/soccer\/man-utd-transfer-budget-to-be-slashed-despite-sir-jim-ratcliffe-deal\/","title":{"rendered":"Man Utd transfer budget to be ‘slashed’ despite Sir Jim Ratcliffe deal"},"content":{"rendered":"

Sir Alex Ferguson and Arsene Wenger inducted into Premier League Hall of Fame<\/h3>\n

Manchester United are set to have their transfer budget slashed next summer after they were dumped out of the Champions League by Bayern Munich on Tuesday night, despite the fact Sir Jim Ratcliffe is set to buy a 25 per cent stake in the club and oversee football operations. The Red Devils have been in dire form this season and have now lost half of their matches since the campaign got underway.<\/p>\n

United were lacklustre in front of goal during the visit of Bayern as they mustered only one shot on target all evening. And their defeat saw them finish bottom of the Group A table, with Bayern and Copenhagen progressing to the Champions League knockout stages ahead of Galatasaray.<\/p>\n

Galatasaray\u2019s third-place finish means the Turkish club will go through to the Europa League knockout round play-offs in the spring ahead of United, who have dropped out of all European competitions.<\/p>\n

United\u2019s failure to at least compete for Europa League silverware means they will miss out on valuable revenue during the first half of 2024. And, according to the Manchester Evening News, the club accept their European elimination will harm their transfer budget next summer.<\/p>\n

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The missed revenue is also expected to increase the pressure on the club\u2019s transfer activity due to domestic and European Financial Fair Play rules. The Red Devils wanted to invest more into the squad last summer but were unable to because of the FFP regulations.<\/p>\n

United have spent more than \u00a3400million across three transfer windows since Erik ten Hag was appointed manager in 2022. But a whole host of signings have proven to be flops, with the likes of Antony, Andre Onana and Sofyan Amrabat coming under fire for their woeful performances.<\/p>\n

Casemiro, who joined the club during Ten Hag\u2019s first window in charge, enjoyed a fine campaign last season but has faltered this time around, while summer signings Mason Mount and Rasmus Hojlund have failed to get going in the Premier League.<\/p>\n