If the ‘adage money buys trophies’ holds any truth, then Manchester United should be lifting a few this season.
Having spent vast sums of money on the likes of Harry Maguire, Rasmus Hojlund, Antony and Jadon Sancho, to name a few, many already knew that the United hierarchy were not afraid to splash the cash on player investment.
With this, a new report from the CIES Football Observatory reveals that The Red Devils top the global spending charts for squad cost, investing a staggering £991.7 million to assemble their current squad.
This puts United above the likes of Chelsea (£997.9m), Manchester City (£898.5m), Paris Saint-Germain (£862.5m) and Arsenal (£720.9m).
Manchester United’s strategic spending sees them splurge £330.3 million on defenders and rank second for spend on both their goalkeeping and forward ranks, where they’ve spent a whooping £354.4M on reinforcing their offensive firepower.
While Manchester United’s global spending supremacy is undeniable, their financial clout also echoes loudly within the England Premier League.
The club’s squad expenditure dwarfs many of their domestic rivals, with Chelsea as the closest contender at £977.9 million having spent vast sums themselves under the regime of Todd Boehly.
This spending dominance showcases not only Manchester United’s financial strength but also the broader financial prowess of the English Premier League – with eight out of the top ten sides in the list playing in England.
United fans will be hoping that their transfer spend will translate into positive results on the pitch moving forward, as that has not necessarily been the case since the days of Sir Alex Ferguson.