Sunday, 12 January 2014

The Insider: Moyes given stunning €180m Manchester United transfer war chest

The Insider: Moyes given stunning €180m Manchester United transfer war chest
The Old Trafford boss will be backed significantly in the market over the next two windows, with sources confident that the club can manage a season away from the Champions League
MOYES GIVEN €180 MILLION 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 their beleaguered manager to the hilt over the next two windows.
The Sweeper understands that a kitty of €180 million is available to Moyes for new players in January and over the summer.
The Glazer family, who own United, recognise there needs to be considerable investment in the squad to re-establish the club as one of Europe's most dominant.
With their global money-making machine operating in top gear, United have €100m in the bank and are generating €96m 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 €27m.

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