Manchester United spent just over £118 million on new players in the summer transfer window, it has been confirmed.
The Red Devils signed six new players before the close of the transfer window, and broke the British transfer record in order to land Angel di Maria from Real Madrid in a deal worth £59.7 million.
Radamel Falcao arrived on loan on deadline day for a fee believed to be around £6 million, while Marcos Rojo, Ander Herrera, Daley Blind and Luke Shaw also being snapped up. The estimate on Manchester United's spending was previously put at around £150 million but the club's accounts have revealed that the number is significantly less.
Now Manchester United financial blogger @AndersRed has broken down the figures, revealing that from the start of the summer transfer window the Red Devils spent just over £118 million on signing players.
That seems like a surprisingly small figure given the calibre of player Manchester United were able to land over the summer, although they don't include performance based add-ons or the £43 million they'll have to pay to make Falcao's switch to Old Trafford permanent.
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While clubs like Arsenal have huge cash reserves, Manchester United were forced to borrow money in order to finance the transfers - although their revenue, which stands at over £400 million and makes them one of the richest clubs in the world, means that approach is sustainable.
There is also the impending arrival of a huge sponsorship deal with Adidas worth around £75 million a season which means they should be able to maintain their spending going forward. A return to the Champions League will further boost the coffers.
Elsewhere in the accounts it was revealed that Manchester United's debt now stands at £341.8 million, while the cost of staff including player wages was just under £215 million.